Duke Energy Co. (NYSE:DUK) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp boosted its holdings in Duke Energy Co. (NYSE:DUK) by 16.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 121,859 shares of the utilities provider’s stock after acquiring an additional 17,088 shares during the period. Cibc World Markets Corp’s holdings in Duke Energy were worth $13,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Parkworth Wealth Management Inc. bought a new stake in shares of Duke Energy during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new position in Duke Energy in the third quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new stake in shares of Duke Energy during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. lifted its holdings in shares of Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Finally, CGC Financial Services LLC boosted its position in Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 242 shares during the period. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on DUK. Scotiabank raised their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley reduced their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Guggenheim raised their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Jefferies Financial Group raised their target price on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.93.

Duke Energy Stock Performance

NYSE:DUK opened at $120.88 on Tuesday. The company has a 50-day moving average of $113.15 and a 200-day moving average of $113.52. The firm has a market cap of $93.86 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $121.47.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 14th were issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Friday, February 14th. Duke Energy’s dividend payout ratio is 73.20%.

Duke Energy 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.