Duke Energy Co. (NYSE:DUK) Shares Bought by Wendell David Associates Inc.

Wendell David Associates Inc. lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,240 shares of the utilities provider’s stock after purchasing an additional 101 shares during the period. Wendell David Associates Inc.’s holdings in Duke Energy were worth $565,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Pathway Financial Advisers LLC boosted its holdings in Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. Groupama Asset Managment acquired a new position in shares of Duke Energy in the 3rd quarter valued at $2,537,000. Zimmer Partners LP purchased a new position in shares of Duke Energy in the 3rd quarter valued at $166,263,000. Assenagon Asset Management S.A. raised its stake in Duke Energy by 155.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock worth $201,832,000 after acquiring an additional 1,138,979 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after acquiring an additional 1,117,526 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the subject of several research reports. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Scotiabank increased their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley cut their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, Barclays lifted their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.23.

Duke Energy Stock Performance

Shares of DUK stock opened at $108.86 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The stock has a 50 day simple moving average of $110.38 and a 200-day simple moving average of $112.19. The company has a market cap of $84.09 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 2.76 and a beta of 0.49. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.94 EPS. On average, equities analysts forecast that Duke Energy Co. will post 5.92 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.84%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

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.