Graypoint LLC Has $555,000 Stock Position in Duke Energy Co. (NYSE:DUK)

Graypoint LLC increased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,151 shares of the utilities provider’s stock after acquiring an additional 133 shares during the quarter. Graypoint LLC’s holdings in Duke Energy were worth $555,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DUK. Geode Capital Management LLC raised its holdings in Duke Energy by 2.6% in 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 raised its position in 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 valued at $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Duke Energy by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after purchasing an additional 40,243 shares in the last quarter. Swiss National Bank increased its stake 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 valued at $264,111,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Groupama Asset Managment acquired a new position in shares of Duke Energy during the 3rd quarter worth $2,537,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Trading Down 2.1 %

NYSE:DUK opened at $105.93 on Friday. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The firm’s fifty day moving average is $111.00 and its 200-day moving average is $111.70. The firm has a market cap of $81.83 billion, a P/E ratio of 19.47, a P/E/G ratio of 2.88 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70.

Duke Energy (NYSE:DUK) last posted 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 return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period last year, the business posted $1.94 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Duke Energy Co. will post 5.95 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of recent analyst reports. Morgan Stanley decreased 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. Scotiabank increased their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target for the company. Finally, BMO Capital Markets upped their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

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.