Vinva Investment Management Ltd Has $2.37 Million Position in Duke Energy Co. (NYSE:DUK)

Vinva Investment Management Ltd boosted its holdings in Duke Energy Co. (NYSE:DUK) by 79.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,993 shares of the utilities provider’s stock after buying an additional 9,726 shares during the period. Vinva Investment Management Ltd’s holdings in Duke Energy were worth $2,369,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Parkworth Wealth Management Inc. acquired a new position in Duke Energy in the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in Duke Energy in the third quarter worth $29,000. Sierra Ocean LLC acquired a new stake in Duke Energy in the fourth quarter worth $31,000. Rakuten Securities Inc. raised its holdings in Duke Energy by 1,500.0% in the fourth 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 period. Finally, CGC Financial Services LLC raised its holdings in Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 242 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on DUK shares. Morgan Stanley cut their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets increased their target price on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Scotiabank increased 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. Guggenheim increased their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group increased their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $122.93.

Duke Energy Stock Down 1.2 %

Duke Energy stock opened at $119.31 on Thursday. The company has a market cap of $92.64 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a 1-year low of $92.75 and a 1-year high of $121.47. The company has a fifty day simple moving average of $113.66 and a 200 day simple moving average of $113.61. 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 (NYSE:DUK) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Research analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Friday, February 14th. Duke Energy’s dividend payout ratio is currently 73.20%.

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.