Weatherly Asset Management L. P. Acquires Shares of 2,785 Duke Energy Corp (NYSE:DUK)

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Weatherly Asset Management L. P. purchased a new position in Duke Energy Corp (NYSE:DUK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,785 shares of the utilities provider’s stock, valued at approximately $254,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Duke Energy by 1.8% during the second quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock valued at $4,450,250,000 after buying an additional 888,787 shares during the last quarter. State Street Corp raised its position in shares of Duke Energy by 1.1% during the third quarter. State Street Corp now owns 37,751,534 shares of the utilities provider’s stock valued at $3,618,862,000 after buying an additional 398,849 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Duke Energy by 4.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 21,318,682 shares of the utilities provider’s stock valued at $2,043,609,000 after buying an additional 990,017 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Duke Energy by 10.5% during the third quarter. California Public Employees Retirement System now owns 5,820,070 shares of the utilities provider’s stock valued at $557,912,000 after buying an additional 552,223 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Duke Energy by 8.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,135,089 shares of the utilities provider’s stock valued at $300,530,000 after buying an additional 248,028 shares during the last quarter. 60.17% of the stock is currently owned by hedge funds and other institutional investors.

DUK has been the subject of a number of research analyst reports. Barclays raised shares of Duke Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their price objective on shares of Duke Energy from $95.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday. Citigroup lowered their target price on shares of Duke Energy from $94.00 to $93.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Goldman Sachs Group raised shares of Duke Energy from a “sell” rating to a “buy” rating and upped their target price for the company from $88.00 to $93.00 in a research note on Wednesday, November 27th. Finally, Bank of America cut shares of Duke Energy to an “underperform” rating and upped their target price for the company from to in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $96.25.

Shares of NYSE:DUK traded up $0.03 during midday trading on Friday, reaching $96.11. 245,012 shares of the company were exchanged, compared to its average volume of 2,630,757. Duke Energy Corp has a fifty-two week low of $84.28 and a fifty-two week high of $97.37. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 1.24. The stock has a fifty day simple moving average of $90.99 and a two-hundred day simple moving average of $91.45. The firm has a market cap of $69.48 billion, a PE ratio of 19.90, a P/E/G ratio of 3.81 and a beta of 0.06.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Friday, November 8th. The utilities provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.10. The business had revenue of $6.94 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 14.10% and a return on equity of 8.24%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.65 earnings per share. As a group, analysts forecast that Duke Energy Corp will post 5.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 14th will be given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Thursday, February 13th. Duke Energy’s dividend payout ratio (DPR) is currently 80.08%.

About Duke Energy

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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