Duke Energy Co. (NYSE:DUK) Shares Acquired by InTrack Investment Management Inc

InTrack Investment Management Inc increased its holdings in shares of Duke Energy Co. (NYSE:DUKFree Report) by 22.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,913 shares of the utilities provider’s stock after purchasing an additional 1,660 shares during the period. InTrack Investment Management Inc’s holdings in Duke Energy were worth $952,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new position in shares of Duke Energy during the third quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy during the 3rd quarter worth approximately $30,000. Winch Advisory Services LLC grew its stake in shares of Duke Energy by 332.9% in the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 243 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Duke Energy in the third quarter valued at approximately $38,000. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Duke Energy by 100.0% during the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Morgan Stanley reduced their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Scotiabank increased their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Barclays lifted their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.23.

Get Our Latest Stock Analysis on DUK

Duke Energy Trading Up 0.3 %

Shares of DUK opened at $109.34 on Friday. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The firm has a 50 day simple moving average of $110.55 and a 200-day simple moving average of $111.81. The stock has a market cap of $84.47 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.64 and a beta of 0.49.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.94 earnings per share. Equities analysts forecast that Duke Energy Co. will post 5.94 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.82%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Duke Energy Company Profile

(Free Report)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.

Further Reading

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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