Duke Energy Co. (NYSE:DUK) Shares Acquired by Chemung Canal Trust Co.

Chemung Canal Trust Co. raised its holdings in shares of Duke Energy Co. (NYSE:DUK) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,260 shares of the utilities provider’s stock after purchasing an additional 115 shares during the period. Chemung Canal Trust Co.’s holdings in Duke Energy were worth $1,536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC increased its stake in shares of Duke Energy by 11,471.4% during the 3rd 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 in the last quarter. Groupama Asset Managment acquired a new position in shares of Duke Energy in the third quarter worth $2,537,000. Zimmer Partners LP purchased a new stake in shares of Duke Energy in the third quarter valued at $166,263,000. Assenagon Asset Management S.A. boosted its stake in shares of Duke Energy by 155.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock valued at $201,832,000 after acquiring an additional 1,138,979 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after purchasing an additional 1,117,526 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

DUK has been the topic of several analyst reports. Scotiabank raised their price target 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 lifted their target price for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Barclays raised their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley decreased their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.23.

Duke Energy Stock Up 0.5 %

DUK opened at $109.86 on Friday. The company has a market cap of $84.87 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.71 and a beta of 0.49. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The firm has a 50 day moving average price of $110.31 and a 200 day moving average price of $112.15.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the prior year, the business posted $1.94 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that Duke Energy Co. will post 5.92 earnings per share for the current year.

Duke Energy Dividend Announcement

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 of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.80%. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

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.