Godsey & Gibb Associates raised its stake in Duke Energy Corp (NYSE:DUK) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,655 shares of the utilities provider’s stock after purchasing an additional 845 shares during the period. Duke Energy accounts for approximately 2.2% of Godsey & Gibb Associates’ investment portfolio, making the stock its 27th biggest position. Godsey & Gibb Associates’ holdings in Duke Energy were worth $15,839,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in DUK. Savior LLC acquired a new stake in Duke Energy during the fourth quarter worth approximately $27,000. Clear Harbor Asset Management LLC bought a new position in shares of Duke Energy during the fourth quarter worth approximately $27,000. Peddock Capital Advisors LLC bought a new position in shares of Duke Energy during the fourth quarter worth approximately $30,000. Pacifica Partners Inc. acquired a new stake in Duke Energy during the 4th quarter worth approximately $30,000. Finally, John W. Brooker & Co. CPAs acquired a new stake in Duke Energy during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 60.14% of the company’s stock.
DUK has been the subject of several recent research reports. Bank of America upgraded Duke Energy from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $96.00 to $106.00 in a research note on Friday. Morgan Stanley increased their price objective on Duke Energy from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Mizuho assumed coverage on Duke Energy in a report on Friday, November 22nd. They set a “neutral” rating and a $90.00 target price for the company. Goldman Sachs Group raised shares of Duke Energy from a “sell” rating to a “buy” rating and boosted their target price for the company from $88.00 to $93.00 in a research report on Wednesday, November 27th. Finally, Barclays upgraded shares of Duke Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $97.42.
Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.54 billion. Duke Energy had a return on equity of 8.24% and a net margin of 14.10%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. On average, equities analysts anticipate that Duke Energy Corp will post 5.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 14th will be given a dividend of $0.945 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $3.78 annualized dividend and a yield of 3.75%. Duke Energy’s dividend payout ratio is 80.08%.
Duke Energy Profile
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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