Duke Energy Co. (NYSE:DUK) Stock Position Reduced by Andra AP fonden

Andra AP fonden trimmed its position in shares of Duke Energy Co. (NYSE:DUKFree Report) by 94.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 900 shares of the utilities provider’s stock after selling 14,800 shares during the period. Andra AP fonden’s holdings in Duke Energy were worth $79,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DUK. Geode Capital Management LLC lifted its position in Duke Energy by 3.2% in the second quarter. Geode Capital Management LLC now owns 14,863,706 shares of the utilities provider’s stock worth $1,330,739,000 after purchasing an additional 464,754 shares during the period. Morgan Stanley boosted its position in shares of Duke Energy by 11.5% during the 4th quarter. Morgan Stanley now owns 10,018,171 shares of the utilities provider’s stock valued at $1,031,772,000 after acquiring an additional 1,037,012 shares in the last quarter. Royal Bank of Canada increased its stake in Duke Energy by 2.7% in the second quarter. Royal Bank of Canada now owns 9,635,102 shares of the utilities provider’s stock valued at $864,652,000 after acquiring an additional 257,665 shares during the period. Capital Research Global Investors boosted its holdings in Duke Energy by 21.3% during the second quarter. Capital Research Global Investors now owns 8,188,381 shares of the utilities provider’s stock valued at $734,825,000 after purchasing an additional 1,435,725 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Duke Energy by 1.1% in the 2nd quarter. Franklin Resources Inc. now owns 7,928,738 shares of the utilities provider’s stock valued at $711,525,000 after purchasing an additional 89,132 shares during the period. Institutional investors and hedge funds own 63.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on DUK. Morgan Stanley boosted their target price on shares of Duke Energy from $93.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 21st. StockNews.com upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. KeyCorp boosted their price target on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. increased their target price on Duke Energy from $98.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, November 29th. Finally, Bank of America downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $96.00 in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $99.83.

Read Our Latest Research Report on DUK

Duke Energy Stock Performance

NYSE DUK opened at $91.69 on Monday. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.44. The stock has a market cap of $70.67 billion, a PE ratio of 25.83, a PEG ratio of 2.42 and a beta of 0.48. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. The firm’s fifty day moving average price is $96.31 and its two-hundred day moving average price is $92.32.

Duke Energy (NYSE:DUKGet Free Report) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, equities analysts expect that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 16th will be issued a dividend of $1.025 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.47%. Duke Energy’s dividend payout ratio (DPR) is presently 115.49%.

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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.

Featured Articles

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:DUKFree Report).

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

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.