Ninepoint Partners LP Has $1.21 Million Holdings in Duke Energy Co. (NYSE:DUK)

Ninepoint Partners LP lifted its position in Duke Energy Co. (NYSE:DUK) by 23.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,234 shares of the utilities provider’s stock after acquiring an additional 2,127 shares during the period. Ninepoint Partners LP’s holdings in Duke Energy were worth $1,210,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Duke Energy by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock valued at $2,016,846,000 after acquiring an additional 442,302 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Duke Energy by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider’s stock worth $922,529,000 after purchasing an additional 135,665 shares in the last quarter. Amundi increased its stake in Duke Energy by 29.2% during the 4th quarter. Amundi now owns 2,488,849 shares of the utilities provider’s stock worth $269,368,000 after purchasing an additional 561,784 shares in the last quarter. Swiss National Bank increased its stake in Duke Energy by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Groupama Asset Managment bought a new stake in Duke Energy during the 3rd quarter worth approximately $2,537,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DUK has been the subject of a number of research reports. BMO Capital Markets increased their target price on Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Scotiabank increased their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley decreased their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group raised their price target on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.93.

Duke Energy Price Performance

NYSE:DUK opened at $120.29 on Friday. Duke Energy Co. has a 1-year low of $92.75 and a 1-year high of $121.25. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The firm has a fifty day simple moving average of $112.86 and a 200 day simple moving average of $113.46. The stock has a market capitalization of $93.40 billion, a PE ratio of 21.07, a P/E/G ratio of 2.79 and a beta of 0.48.

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

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.48%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is 73.20%.

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.