Harbour Investments Inc. cut its holdings in Duke Energy Co. (NYSE:DUK – Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,142 shares of the utilities provider’s stock after selling 122 shares during the period. Harbour Investments Inc.’s holdings in Duke Energy were worth $2,278,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in DUK. Groupama Asset Managment acquired a new position in Duke Energy in the 3rd quarter valued at about $2,537,000. Zimmer Partners LP acquired a new position in shares of Duke Energy in the third quarter valued at approximately $166,263,000. Assenagon Asset Management S.A. lifted its stake in shares of Duke Energy by 155.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock valued at $201,832,000 after buying an additional 1,138,979 shares during the period. Capital Wealth Planning LLC boosted its position in Duke Energy by 116.5% during the fourth quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider’s stock worth $222,520,000 after acquiring an additional 1,111,581 shares during the last quarter. Finally, Amundi grew its stake in Duke Energy by 29.2% in the 4th quarter. Amundi now owns 2,488,849 shares of the utilities provider’s stock worth $269,368,000 after acquiring an additional 561,784 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.
Duke Energy Stock Up 0.6 %
Shares of Duke Energy stock opened at $120.88 on Tuesday. The company has a fifty day moving average price of $113.15 and a 200 day moving average price of $113.52. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $121.47. The stock has a market cap of $93.86 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48.
Duke Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 14th were issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Friday, February 14th. Duke Energy’s payout ratio is 73.20%.
Wall Street Analyst Weigh In
DUK has been the topic of several analyst reports. Jefferies Financial Group raised their price objective on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, February 21st. BMO Capital Markets lifted their price target on Duke Energy from $123.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. Guggenheim raised their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Scotiabank upped their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley decreased their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.93.
Read Our Latest Stock Report on Duke Energy
Duke Energy 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.
Recommended Stories
- Five stocks we like better than Duke Energy
- What is the Shanghai Stock Exchange Composite Index?
- Can TikTok Stock Picks Really Make You Rich?
- What is the Australian Securities Exchange (ASX)
- The “Quality” Rotation: Back to Basics Investing
- Best Aerospace Stocks Investing
- Occidental Petroleum: 4 Reasons to Love These Prices
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUK – Free Report).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.