Mn Services Vermogensbeheer B.V. Grows Holdings in Duke Energy Co. (NYSE:DUK)

Mn Services Vermogensbeheer B.V. boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,600 shares of the utilities provider’s stock after buying an additional 4,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Duke Energy were worth $32,710,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in Duke Energy during the 3rd quarter valued at about $29,000. Sierra Ocean LLC purchased a new stake in shares of Duke Energy during the 4th quarter valued at about $31,000. CGC Financial Services LLC lifted its holdings in shares of 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 buying an additional 242 shares during the period. Winch Advisory Services LLC boosted its position in Duke Energy by 332.9% in the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 243 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of Duke Energy during the 4th quarter worth $36,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DUK shares. Morgan Stanley cut their price objective on 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. Scotiabank boosted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. BMO Capital Markets lifted their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group increased their price target on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday, February 21st. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.62.

Duke Energy Stock Down 0.8 %

Duke Energy stock opened at $116.34 on Thursday. The business has a fifty day moving average of $110.67 and a two-hundred day moving average of $113.08. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The firm has a market cap of $89.87 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.79 and a beta of 0.50. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25.

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

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid 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 3.59%. Duke Energy’s dividend payout ratio (DPR) is 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.