Duke Energy Co. (NYSE:DUK) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its holdings in shares of Duke Energy Co. (NYSE:DUK) by 14.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 197,398 shares of the utilities provider’s stock after purchasing an additional 25,101 shares during the period. Exchange Traded Concepts LLC’s holdings in Duke Energy were worth $21,268,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Evergreen Capital Management LLC increased its position in shares of Duke Energy by 16.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,072 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 441 shares during the last quarter. Toronto Dominion Bank increased its holdings in Duke Energy by 47.8% in the second quarter. Toronto Dominion Bank now owns 402,982 shares of the utilities provider’s stock valued at $40,391,000 after buying an additional 130,272 shares during the last quarter. Point72 Europe London LLP acquired a new stake in Duke Energy during the second quarter valued at approximately $1,503,000. AlTi Global Inc. bought a new position in Duke Energy during the 2nd quarter worth approximately $212,000. Finally, AQR Capital Management LLC increased its holdings in shares of Duke Energy by 34.9% in the 2nd quarter. AQR Capital Management LLC now owns 550,332 shares of the utilities provider’s stock valued at $55,160,000 after acquiring an additional 142,346 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Morgan Stanley cut their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank upped their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Barclays raised their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Trading Down 0.1 %

Shares of NYSE DUK opened at $109.20 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The stock has a market cap of $84.35 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.71 and a beta of 0.49. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The business has a 50 day simple moving average of $110.33 and a 200 day simple moving average of $112.17.

Duke Energy (NYSE:DUK) last posted its earnings results 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). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the business earned $1.94 earnings per share. Duke Energy’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts predict that Duke Energy Co. will post 5.92 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 3.83%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

About Duke Energy

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.