Duke Energy Co. (NYSE:DUK) Shares Bought by Czech National Bank

Czech National Bank grew its holdings in Duke Energy Co. (NYSE:DUK) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,490 shares of the utilities provider’s stock after buying an additional 10,246 shares during the period. Czech National Bank’s holdings in Duke Energy were worth $18,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy in the third quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy in the third quarter valued at about $30,000. Reston Wealth Management LLC acquired a new stake in shares of Duke Energy in the third quarter valued at about $38,000. Catalyst Capital Advisors LLC raised its position in shares of Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock valued at $39,000 after buying an additional 167 shares during the last quarter. Finally, Carolina Wealth Advisors LLC raised its position in shares of Duke Energy by 82.7% in the third quarter. Carolina Wealth Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $42,000 after buying an additional 163 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Up 0.4 %

Shares of NYSE:DUK opened at $106.29 on Tuesday. The firm’s 50 day moving average price is $110.88 and its 200 day moving average price is $111.83. The stock has a market cap of $82.11 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.88 and a beta of 0.49. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last released its quarterly earnings data 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). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the business posted $1.94 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.93%. Duke Energy’s payout ratio is currently 76.84%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DUK. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Morgan Stanley dropped their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Jefferies Financial Group assumed coverage on shares of Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. Scotiabank increased their target price 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. Finally, BMO Capital Markets increased their target price on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. 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 MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average target price of $122.23.

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.