Fiera Capital Corp raised its position in shares of Duke Energy Corp (NYSE:DUK) by 117.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,025 shares of the utilities provider’s stock after acquiring an additional 17,845 shares during the quarter. Fiera Capital Corp’s holdings in Duke Energy were worth $3,012,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. 9258 Wealth Management LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $881,000. Patton Albertson Miller Group LLC increased its holdings in shares of Duke Energy by 1.1% in the fourth quarter. Patton Albertson Miller Group LLC now owns 16,579 shares of the utilities provider’s stock valued at $1,512,000 after purchasing an additional 187 shares during the last quarter. Retirement Network acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $49,000. IndexIQ Advisors LLC increased its holdings in shares of Duke Energy by 27.6% in the fourth quarter. IndexIQ Advisors LLC now owns 46,436 shares of the utilities provider’s stock valued at $4,235,000 after purchasing an additional 10,057 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC increased its holdings in shares of Duke Energy by 1.4% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 55,426 shares of the utilities provider’s stock valued at $5,055,000 after purchasing an additional 764 shares during the last quarter. 60.14% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on DUK shares. Morgan Stanley increased their price target on Duke Energy from $99.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating and set a $99.00 price target for the company. in a report on Tuesday, January 21st. Mizuho started coverage on Duke Energy in a report on Friday, November 22nd. They issued a “neutral” rating and a $90.00 price target for the company. Barclays raised Duke Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 27th. Finally, UBS Group reaffirmed a “buy” rating and issued a $105.00 price target on shares of Duke Energy in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $97.42.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.54 billion. Duke Energy had a return on equity of 8.37% and a net margin of 14.89%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. Analysts forecast that Duke Energy Corp will post 5.15 EPS for the current year.
The firm 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 $0.945 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $3.78 annualized dividend and a yield of 3.73%. Duke Energy’s payout ratio is 74.70%.
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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