Grandview Asset Management LLC Increases Stock Holdings in Duke Energy Co. (NYSE:DUK)

Grandview Asset Management LLC boosted its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,049 shares of the utilities provider’s stock after acquiring an additional 783 shares during the period. Grandview Asset Management LLC’s holdings in Duke Energy were worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new position in Duke Energy in the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Duke Energy during the third quarter worth about $30,000. Reston Wealth Management LLC acquired a new position in shares of Duke Energy in the third quarter valued at approximately $38,000. Catalyst Capital Advisors LLC boosted its position in 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 acquiring an additional 167 shares during the last quarter. Finally, Carolina Wealth Advisors LLC grew its stake in Duke Energy by 82.7% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 360 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 163 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DUK shares. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Scotiabank increased 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. Jefferies Financial Group began coverage on shares of Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. Finally, Morgan Stanley cut 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 research note on Friday, November 22nd. Six investment 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, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.23.

Check Out Our Latest Research Report on DUK

Duke Energy Stock Performance

NYSE:DUK opened at $106.29 on Tuesday. The firm’s fifty day simple moving average is $110.88 and its 200 day simple moving average is $111.83. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The firm has a market capitalization of $82.11 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.88 and a beta of 0.49.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts expect that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid 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 3.93%. Duke Energy’s dividend payout ratio is currently 76.84%.

About Duke Energy

(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.

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

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