Invesco LLC Has $492,000 Stock Position in Duke Energy Co. (NYSE:DUK)

Invesco LLC raised its stake in Duke Energy Co. (NYSE:DUK) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,565 shares of the utilities provider’s stock after acquiring an additional 169 shares during the quarter. Invesco LLC’s holdings in Duke Energy were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC increased its stake in shares of Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after buying an additional 6,719,398 shares during the period. Groupama Asset Managment acquired a new stake in Duke Energy in the third quarter worth about $2,537,000. Zimmer Partners LP bought a new stake in Duke Energy during the 3rd quarter worth about $166,263,000. Assenagon Asset Management S.A. lifted its position in Duke Energy by 155.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock valued at $201,832,000 after purchasing an additional 1,138,979 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after buying an additional 1,117,526 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Up 0.3 %

DUK traded up $0.32 during trading on Wednesday, hitting $111.63. The company had a trading volume of 171,519 shares, compared to its average volume of 2,979,947. The company has a market capitalization of $86.23 billion, a PE ratio of 20.51, a PEG ratio of 2.71 and a beta of 0.49. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The firm’s 50-day moving average price is $110.20 and its 200 day moving average price is $112.46.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 earnings per share. As a group, equities analysts expect that Duke Energy Co. will post 5.92 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is presently 76.84%.

Analyst Ratings Changes

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

About Duke Energy

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.