Geneos Wealth Management Inc. Has $5.72 Million Position in Duke Energy Co. (NYSE:DUK)

Geneos Wealth Management Inc. reduced its stake in Duke Energy Co. (NYSE:DUK) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,087 shares of the utilities provider’s stock after selling 1,032 shares during the period. Geneos Wealth Management Inc.’s holdings in Duke Energy were worth $5,720,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DUK. Geode Capital Management LLC raised its stake in 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 worth $2,016,846,000 after buying an additional 442,302 shares during the period. Pathway Financial Advisers LLC raised its position in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the period. Swiss National Bank lifted its holdings in shares of Duke Energy by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after purchasing an additional 6,500 shares in the last quarter. Groupama Asset Managment bought a new stake in Duke Energy during the 3rd quarter valued at $2,537,000. Finally, Mackenzie Financial Corp raised its holdings in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Up 0.5 %

DUK opened at $109.86 on Friday. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The company’s 50-day moving average price is $110.26 and its two-hundred day moving average price is $112.21. The stock has a market cap of $84.87 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.71 and a beta of 0.49. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same period last year, the company posted $1.94 earnings per share. Duke Energy’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts expect that Duke Energy Co. will post 5.92 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.80%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Analysts Set New Price Targets

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

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.