CIBC Asset Management Inc Acquires 2,861 Shares of Duke Energy Co. (NYSE:DUK)

CIBC Asset Management Inc raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,254 shares of the utilities provider’s stock after purchasing an additional 2,861 shares during the period. CIBC Asset Management Inc’s holdings in Duke Energy were worth $23,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Woodard & Co. Asset Management Group Inc. ADV grew its stake in Duke Energy by 0.9% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 21,194 shares of the utilities provider’s stock worth $2,283,000 after acquiring an additional 189 shares in the last quarter. NTV Asset Management LLC lifted its stake in shares of Duke Energy by 2.1% during the 4th quarter. NTV Asset Management LLC now owns 15,336 shares of the utilities provider’s stock worth $1,652,000 after purchasing an additional 317 shares during the last quarter. KLCM Advisors Inc. boosted its holdings in shares of Duke Energy by 8.6% in the 4th quarter. KLCM Advisors Inc. now owns 7,964 shares of the utilities provider’s stock valued at $858,000 after buying an additional 634 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Duke Energy by 485.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 1,957 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 1,623 shares in the last quarter. Finally, Americana Partners LLC grew its stake in shares of Duke Energy by 2.9% during the fourth quarter. Americana Partners LLC now owns 4,807 shares of the utilities provider’s stock worth $518,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of DUK opened at $111.69 on Tuesday. The company has a market cap of $86.27 billion, a P/E ratio of 20.53, a PEG ratio of 2.83 and a beta of 0.50. 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 fifty-two week low of $90.09 and a fifty-two week high of $121.25. The firm’s 50 day moving average price is $109.85 and its 200 day moving average price is $113.01.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. On average, research analysts forecast that Duke Energy Co. will post 5.91 earnings per share for the current fiscal 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 dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.74%. Duke Energy’s dividend payout ratio is currently 76.84%.

Analysts Set New Price Targets

DUK has been the subject of a number of research reports. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Scotiabank boosted their target price 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. Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets upped their price target on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $122.08.

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.