New Age Alpha Advisors LLC Has $10.96 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

New Age Alpha Advisors LLC grew its position in shares of Duke Energy Co. (NYSE:DUK) by 27,990.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,689 shares of the utilities provider’s stock after acquiring an additional 101,327 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Duke Energy were worth $10,956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DUK. Vanguard Group Inc. raised its holdings in Duke Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock worth $7,852,731,000 after acquiring an additional 779,054 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Duke Energy by 2.6% during the 3rd 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. Charles Schwab Investment Management Inc. increased its holdings in Duke Energy by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider’s stock worth $922,529,000 after buying an additional 135,665 shares during the last quarter. Amundi lifted its stake in Duke Energy by 29.2% in the fourth quarter. Amundi now owns 2,488,849 shares of the utilities provider’s stock valued at $269,368,000 after acquiring an additional 561,784 shares during the last quarter. Finally, Groupama Asset Managment acquired a new stake in Duke Energy in the third quarter valued at $2,537,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUK has been the topic of several recent analyst reports. BMO Capital Markets boosted their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. UBS Group raised their price objective on Duke Energy from $123.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Guggenheim lifted their target price on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Morgan Stanley increased their price target on Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group lifted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.87.

Duke Energy Trading Up 0.5 %

Shares of DUK opened at $117.67 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. Duke Energy Co. has a 52-week low of $92.75 and a 52-week high of $121.47. The firm has a market cap of $91.43 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.79 and a beta of 0.48. The business’s fifty day moving average is $114.97 and its 200-day moving average is $113.71.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Equities analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were given a $1.045 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.55%. Duke Energy’s dividend payout ratio is currently 73.20%.

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.