Duke Energy Co. (NYSE:DUK) Shares Acquired by Grandview Asset Management LLC

Grandview Asset Management LLC raised its holdings in shares of Duke Energy Co. (NYSE:DUK) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,049 shares of the utilities provider’s stock after purchasing an additional 783 shares during the quarter. Grandview Asset Management LLC’s holdings in Duke Energy were worth $1,514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goodman Advisory Group LLC bought a new stake in shares of Duke Energy in the second quarter worth $2,888,000. CCM Investment Advisers LLC increased its position in shares of Duke Energy by 24.3% in the 4th quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock worth $9,008,000 after purchasing an additional 16,356 shares during the last quarter. Hilltop Holdings Inc. lifted its position in shares of Duke Energy by 59.2% during the third quarter. Hilltop Holdings Inc. now owns 23,388 shares of the utilities provider’s stock worth $2,697,000 after purchasing an additional 8,699 shares during the last quarter. Geode Capital Management LLC grew its stake in Duke Energy by 2.6% in the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after purchasing an additional 442,302 shares in the last quarter. Finally, Commerce Bank increased its holdings in Duke Energy by 5.9% in the third quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock valued at $31,041,000 after buying an additional 15,069 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Trading Up 0.4 %

Shares of DUK opened at $106.29 on Tuesday. The firm has a market capitalization of $82.11 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.88 and a beta of 0.49. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The stock’s 50-day moving average price is $110.88 and its 200 day moving average price is $111.83. 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 announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.94 earnings per share. As a group, research analysts predict that Duke Energy Co. will post 5.95 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 3.93%. Duke Energy’s payout ratio is presently 76.84%.

Analysts Set New Price Targets

Several brokerages have recently commented on DUK. Barclays lifted their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Scotiabank boosted 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 report on Thursday, December 12th. Finally, BMO Capital Markets lifted their target price on Duke Energy from $120.00 to $126.00 and gave the company 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $122.23.

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.