By otakuyassine3@gmail.com 
Alliance Wealth Advisors LLC trimmed its position in Duke Energy Co. (NYSE:DUK – Free Report) by 12.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,542 shares of the utilities provider’s stock after selling 486 shares during the period. Alliance Wealth Advisors LLC’s holdings in Duke Energy were worth $382,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Duke Energy by 2.6% during the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock valued at $2,016,846,000 after purchasing an additional 442,302 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares during the period. Swiss National Bank grew its holdings in Duke Energy by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after acquiring an additional 6,500 shares during the last quarter. Groupama Asset Managment bought a new position in shares of Duke Energy during the third quarter valued at $2,537,000. Finally, Assenagon Asset Management S.A. lifted its holdings 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 worth $201,832,000 after purchasing an additional 1,138,979 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.
Analyst Ratings Changes
DUK has been the subject of several analyst reports. Morgan Stanley lowered their target price 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. BMO Capital Markets lifted their price objective on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Scotiabank upped their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.08.
Read Our Latest Research Report on Duke Energy
Duke Energy Stock Up 0.4 %
DUK stock opened at $115.01 on Friday. The stock’s 50 day simple moving average is $109.73 and its 200 day simple moving average is $112.72. The company has a market cap of $88.85 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. 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 issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Duke Energy’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. On average, research analysts expect 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 issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 76.84%.
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.
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