CGN Advisors LLC Has $2.63 Million Stock Position in Duke Energy Co. (NYSE:DUK)

CGN Advisors LLC grew its holdings in Duke Energy Co. (NYSE:DUK) by 1.4% in the 4th quarter, Holdings Channel reports. The fund owned 24,443 shares of the utilities provider’s stock after purchasing an additional 348 shares during the quarter. CGN Advisors LLC’s holdings in Duke Energy were worth $2,633,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Duke Energy by 2.6% during 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 in the last quarter. Pathway Financial Advisers LLC boosted its position 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 buying an additional 6,719,398 shares in the last quarter. Swiss National Bank increased its holdings in shares of Duke Energy by 0.3% during the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after buying an additional 6,500 shares in the last quarter. Groupama Asset Managment acquired a new stake in shares of Duke Energy in the 3rd quarter valued at $2,537,000. Finally, Mackenzie Financial Corp boosted its holdings in Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Duke Energy Price Performance

Shares of NYSE DUK opened at $109.34 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The firm has a fifty day simple moving average of $110.55 and a 200 day simple moving average of $111.81. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The company has a market capitalization of $84.47 billion, a PE ratio of 20.10, a P/E/G ratio of 2.64 and a beta of 0.49.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 EPS. On average, sell-side analysts forecast that Duke Energy Co. will post 5.94 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio is presently 76.84%.

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.