Duke Energy Co. (NYSE:DUK) Shares Purchased by InTrack Investment Management Inc

InTrack Investment Management Inc raised its holdings in Duke Energy Co. (NYSE:DUK) by 22.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,913 shares of the utilities provider’s stock after acquiring an additional 1,660 shares during the period. InTrack Investment Management Inc’s holdings in Duke Energy were worth $952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Duke Energy in the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at $30,000. Winch Advisory Services LLC grew its stake in shares of Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after buying an additional 243 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of Duke Energy during the 3rd quarter worth $38,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of Duke Energy by 100.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the topic of a number of research reports. KeyCorp downgraded 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 shares of 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 boosted their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $122.23.

Duke Energy Trading Up 0.3 %

NYSE:DUK opened at $109.34 on Friday. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The business’s 50-day simple moving average is $110.55 and its 200 day simple moving average is $111.81. 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 $84.47 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.64 and a beta of 0.49.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 EPS. As a group, sell-side analysts predict that Duke Energy Co. will post 5.94 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

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 paid a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.82%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Duke Energy 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.