Busey Bank reduced its position in Duke Energy Co. (NYSE:DUK – Free Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,144 shares of the utilities provider’s stock after selling 249 shares during the period. Busey Bank’s holdings in Duke Energy were worth $554,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of DUK. New Century Financial Group LLC bought a new position in Duke Energy in the 2nd quarter valued at about $216,000. Sanctuary Advisors LLC purchased a new stake in shares of Duke Energy in the second quarter worth approximately $12,749,000. Centaurus Financial Inc. lifted its holdings in shares of Duke Energy by 2.0% in the second quarter. Centaurus Financial Inc. now owns 5,302 shares of the utilities provider’s stock valued at $531,000 after purchasing an additional 106 shares in the last quarter. Alternative Investment Advisors LLC. purchased a new position in shares of Duke Energy during the second quarter valued at approximately $201,000. Finally, Norman Fields Gottscho Capital Management LLC bought a new stake in Duke Energy during the third quarter worth $215,000. Institutional investors own 65.31% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on DUK. 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 report on Thursday, December 12th. Morgan Stanley decreased 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 note on Friday, November 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 note on Tuesday, October 15th. Finally, KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.23.
Duke Energy Price Performance
NYSE DUK opened at $112.28 on Friday. The company has a market cap of $86.73 billion, a PE ratio of 20.64, a price-to-earnings-growth 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. The firm’s 50-day simple moving average is $110.14 and its two-hundred day simple moving average is $112.45. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25.
Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.94 earnings per share. Research analysts predict that Duke Energy Co. will post 5.92 earnings per share for the current year.
Duke Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 yield of 3.72%. Duke Energy’s dividend payout ratio (DPR) is 76.84%.
Duke Energy Company Profile
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.
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