Duke Energy Co. (NYSE:DUK) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp raised its holdings in Duke Energy Co. (NYSE:DUK) by 16.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 121,859 shares of the utilities provider’s stock after acquiring an additional 17,088 shares during the period. Cibc World Markets Corp’s holdings in Duke Energy were worth $13,129,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in Duke Energy during the third quarter worth about $29,000. Parkworth Wealth Management Inc. purchased a new position in shares of Duke Energy during the 4th quarter worth about $28,000. Rakuten Securities Inc. boosted its position in shares of Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 270 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Duke Energy in the fourth quarter valued at approximately $31,000. Finally, CGC Financial Services LLC increased its position in Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.6 %

Shares of Duke Energy stock opened at $120.88 on Tuesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a 1-year low of $92.75 and a 1-year high of $121.47. The business has a 50-day moving average of $113.15 and a 200-day moving average of $113.52. The company has a market capitalization of $93.86 billion, a PE ratio of 21.17, a P/E/G ratio of 2.79 and a beta of 0.48.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.46%. The ex-dividend date was Friday, February 14th. Duke Energy’s dividend payout ratio is currently 73.20%.

Analyst Ratings Changes

DUK has been the subject of several research reports. Scotiabank boosted their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Jefferies Financial Group increased their target price 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. Guggenheim lifted their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets increased their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.93.

About Duke Energy

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.