Robeco Institutional Asset Management B.V. lessened its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,777 shares of the utilities provider's stock after selling 17,797 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Duke Energy were worth $15,491,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DUK. PBMares Wealth Management LLC increased its holdings in shares of Duke Energy by 1.8% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider's stock valued at $563,000 after acquiring an additional 86 shares during the last quarter. Castleview Partners LLC boosted its position in Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider's stock valued at $224,000 after purchasing an additional 90 shares during the period. Kanawha Capital Management LLC boosted its position in Duke Energy by 1.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider's stock valued at $760,000 after purchasing an additional 92 shares during the period. Baron Wealth Management LLC boosted its position in Duke Energy by 3.5% during the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider's stock valued at $315,000 after purchasing an additional 92 shares during the period. Finally, Chicago Capital LLC boosted its position in Duke Energy by 0.9% during the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider's stock valued at $1,172,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.
A number of research analysts recently issued reports on the company. KeyCorp lowered Duke Energy from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 22nd. Morgan Stanley reduced their price objective on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Mizuho upgraded Duke Energy from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Finally, Scotiabank boosted their price target on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.23.
Read Our Latest Stock Report on DUK
Shares of Duke Energy stock opened at $112.14 on Friday. 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 has a market cap of $86.62 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.73 and a beta of 0.49. The business has a fifty day simple moving average of $110.09 and a 200-day simple moving average of $112.44. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 EPS. On average, equities analysts forecast that Duke Energy Co. will post 5.91 EPS for the current fiscal year.
The business also recently announced 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. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy's dividend payout ratio (DPR) is presently 76.84%.
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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