Great Lakes Retirement Inc. Has $884,000 Holdings in Duke Energy Co. (NYSE:DUK)

Great Lakes Retirement Inc. lifted its stake in Duke Energy Co. (NYSE:DUK) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,108 shares of the utilities provider’s stock after acquiring an additional 353 shares during the period. Great Lakes Retirement Inc.’s holdings in Duke Energy were worth $884,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its position in shares of Duke Energy by 100,433.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider’s stock valued at $808,123,000 after acquiring an additional 7,838,811 shares during the period. Imprint Wealth LLC lifted its position in Duke Energy by 8,722.3% in the second quarter. Imprint Wealth LLC now owns 1,127,837 shares of the utilities provider’s stock worth $112,784,000 after purchasing an additional 1,115,053 shares during the period. Morgan Stanley lifted its position in Duke Energy by 11.5% in the fourth quarter. Morgan Stanley now owns 10,018,171 shares of the utilities provider’s stock worth $1,031,772,000 after purchasing an additional 1,037,012 shares during the period. Wellington Management Group LLP lifted its position in Duke Energy by 4.6% in the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after purchasing an additional 1,002,157 shares during the period. Finally, Two Sigma Investments LP lifted its position in Duke Energy by 2,064.4% in the first quarter. Two Sigma Investments LP now owns 860,421 shares of the utilities provider’s stock worth $83,005,000 after purchasing an additional 820,667 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $98.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, November 29th. KeyCorp lifted their price objective on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Bank of America cut 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 report on Monday, February 12th. BMO Capital Markets cut their price objective on Duke Energy from $101.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. Finally, Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.00.

Duke Energy Stock Up 0.5 %

Shares of NYSE:DUK traded up $0.50 during trading on Thursday, hitting $96.59. 1,090,039 shares of the company were exchanged, compared to its average volume of 3,123,380. The stock has a market cap of $74.52 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 2.98 and a beta of 0.46. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.39. The firm has a fifty day moving average price of $94.01 and a two-hundred day moving average price of $92.90. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50.

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

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, February 16th were issued a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Thursday, February 15th. Duke Energy’s payout ratio is presently 115.49%.

Insider Buying and Selling

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’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 transaction of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

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.