Nisa Investment Advisors LLC grew its position in Duke Energy Co. (NYSE:DUK – Free Report) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,449 shares of the utilities provider’s stock after purchasing an additional 8,963 shares during the period. Nisa Investment Advisors LLC’s holdings in Duke Energy were worth $4,035,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of DUK. Pathway Financial Advisers LLC raised its holdings in Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the period. Groupama Asset Managment acquired a new stake in Duke Energy in the third quarter worth $2,537,000. Zimmer Partners LP acquired a new stake in Duke Energy in the third quarter worth $166,263,000. Assenagon Asset Management S.A. raised its holdings in Duke Energy by 155.1% in 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. Finally, International Assets Investment Management LLC raised its holdings in Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after purchasing an additional 1,117,526 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Stock Performance
Shares of DUK stock opened at $109.86 on Friday. The stock has a market cap of $84.87 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.71 and a beta of 0.49. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The company has a fifty day moving average price of $110.26 and a two-hundred day moving average price of $112.21. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25.
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 dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio is presently 76.84%.
Wall Street Analyst Weigh In
DUK has been the subject of several research reports. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Barclays increased their price objective 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. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Morgan Stanley lowered 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 research report on Friday, November 22nd. Finally, Scotiabank increased 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 report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $122.23.
Read Our Latest Analysis on Duke Energy
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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