Missouri Trust & Investment Co Grows Stock Holdings in Duke Energy Co. (NYSE:DUK)

Missouri Trust & Investment Co lifted its position in Duke Energy Co. (NYSE:DUKFree Report) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,071 shares of the utilities provider’s stock after purchasing an additional 100 shares during the period. Missouri Trust & Investment Co’s holdings in Duke Energy were worth $115,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its holdings 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 worth $781,500,000 after buying an additional 6,719,398 shares during the period. Groupama Asset Managment purchased a new stake in shares of Duke Energy during the third quarter worth about $2,537,000. Zimmer Partners LP acquired a new position in Duke Energy during the 3rd quarter valued at approximately $166,263,000. Assenagon Asset Management S.A. raised its stake in Duke Energy by 155.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock worth $201,832,000 after acquiring an additional 1,138,979 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Duke Energy by 13,829.1% during the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after purchasing an additional 1,117,526 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Get Our Latest Analysis on DUK

Duke Energy Trading Up 1.3 %

Shares of DUK stock opened at $110.73 on Wednesday. The stock has a 50 day simple moving average of $110.41 and a 200-day simple moving average of $112.12. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The company has a market cap of $85.54 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.72 and a beta of 0.49. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.

Duke Energy (NYSE:DUKGet Free Report) last announced its 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 company 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 firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 EPS. On average, equities research analysts expect that Duke Energy Co. will post 5.92 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company 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 $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.77%. Duke Energy’s payout ratio is currently 76.84%.

Duke Energy Profile

(Free Report)

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.

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

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