Davis Investment Partners LLC Boosts Holdings in Duke Energy Co. (NYSE:DUK)

Davis Investment Partners LLC grew its stake in Duke Energy Co. (NYSE:DUKFree Report) by 7.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,386 shares of the utilities provider’s stock after buying an additional 1,280 shares during the period. Duke Energy makes up 0.9% of Davis Investment Partners LLC’s investment portfolio, making the stock its 16th largest position. Davis Investment Partners LLC’s holdings in Duke Energy were worth $1,909,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CKW Financial Group bought a new position in shares of Duke Energy during the 3rd quarter valued at $25,000. Chilton Capital Management LLC bought a new position in Duke Energy in the 1st quarter valued at about $28,000. FSC Wealth Advisors LLC acquired a new stake in shares of Duke Energy in the 3rd quarter valued at approximately $29,000. Fairfield Bush & CO. acquired a new stake in Duke Energy during the 1st quarter worth approximately $40,000. Finally, Compass Wealth Management LLC bought a new position in Duke Energy during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 63.68% of the company’s stock.

Insider Buying and Selling

In other news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DUK has been the topic of several research reports. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. JPMorgan Chase & Co. raised their price target on Duke Energy from $98.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, November 29th. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $96.00 in a research report on Monday, February 12th. Wells Fargo & Company reduced their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Finally, Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Read Our Latest Report on Duke Energy

Duke Energy Stock Performance

NYSE DUK traded down $0.45 on Thursday, hitting $94.96. 2,744,828 shares of the company’s stock traded hands, compared to its average volume of 3,200,486. The firm’s 50-day moving average price is $94.31 and its two-hundred day moving average price is $92.68. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $73.26 billion, a PE ratio of 26.75, a P/E/G ratio of 3.02 and a beta of 0.46. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter in the prior year, the company earned $1.11 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, February 16th were given a dividend of $1.025 per share. The ex-dividend date was Thursday, February 15th. This represents a $4.10 annualized dividend and a dividend yield of 4.32%. Duke Energy’s dividend payout ratio is currently 115.49%.

Duke Energy Company 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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