Amalgamated Bank Has $16.29 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Amalgamated Bank lessened its stake in Duke Energy Co. (NYSE:DUK) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,211 shares of the utilities provider’s stock after selling 3,467 shares during the quarter. Amalgamated Bank’s holdings in Duke Energy were worth $16,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of DUK. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy during the third quarter worth $29,000. Sierra Ocean LLC bought a new stake in Duke Energy during the 4th quarter worth about $31,000. CGC Financial Services LLC lifted 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. Winch Advisory Services LLC grew its position in shares of Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after buying an additional 243 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in shares of Duke Energy during the fourth quarter worth approximately $36,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

Shares of DUK stock opened at $117.29 on Wednesday. The company has a market capitalization of $90.61 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.79 and a beta of 0.50. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The company’s 50 day moving average price is $110.46 and its two-hundred day moving average price is $113.06.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating 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%. On average, analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

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 given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio is presently 73.20%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DUK shares. Morgan Stanley reduced their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank upped their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Jefferies Financial Group boosted their target price on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, BMO Capital Markets increased their price target on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.62.

About Duke Energy

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.