Azimuth Capital Management LLC Trims Holdings in Duke Energy Co. (NYSE:DUK)

Azimuth Capital Management LLC decreased its holdings in Duke Energy Co. (NYSE:DUK) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,970 shares of the utilities provider’s stock after selling 2,025 shares during the period. Azimuth Capital Management LLC’s holdings in Duke Energy were worth $4,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DUK. Simon Quick Advisors LLC grew its position in shares of Duke Energy by 161.2% during the 4th quarter. Simon Quick Advisors LLC now owns 269 shares of the utilities provider’s stock worth $25,000 after buying an additional 166 shares in the last quarter. Greenhouse Wealth Management LLC bought a new position in shares of Duke Energy during the 4th quarter worth $25,000. Crescent Capital Consulting LLC bought a new position in shares of Duke Energy during the 4th quarter worth $27,000. St. Johns Investment Management Company LLC grew its position in shares of Duke Energy by 54.7% during the 4th quarter. St. Johns Investment Management Company LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after buying an additional 110 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Duke Energy during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 63.48% of the company’s stock.

DUK stock traded up $1.24 during trading on Tuesday, hitting $89.59. 88,434 shares of the company traded hands, compared to its average volume of 2,795,011. The stock’s 50-day simple moving average is $91.28 and its 200 day simple moving average is $89.38. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.52 and a quick ratio of 0.33. The company has a market cap of $65.93 billion, a PE ratio of 32.36, a P/E/G ratio of 4.88 and a beta of 0.23. Duke Energy Co. has a 1 year low of $62.13 and a 1 year high of $103.79.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Wednesday, February 10th. The utilities provider reported $1.03 earnings per share for the quarter, meeting the consensus estimate of $1.03. Duke Energy had a return on equity of 8.28% and a net margin of 8.68%. Research analysts expect that Duke Energy Co. will post 5.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 16th. Stockholders of record on Friday, February 12th will be paid a $0.965 dividend. This represents a $3.86 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Thursday, February 11th. Duke Energy’s dividend payout ratio is presently 76.28%.

A number of equities research analysts recently weighed in on the company. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and set a $94.00 price objective on the stock. in a research report on Friday, February 12th. Barclays raised their price target on Duke Energy from $102.00 to $108.00 and gave the stock an “equal weight” rating in a report on Thursday, January 28th. The Goldman Sachs Group downgraded Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 price target for the company. in a report on Thursday, January 14th. Credit Suisse Group raised their price target on Duke Energy from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, January 29th. Finally, Mizuho raised their price objective on Duke Energy from $93.00 to $96.00 in a research note on Monday, February 1st. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $98.00.

Duke Energy Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.

Further Reading: How To Calculate Debt-to-Equity Ratio

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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