Duke Energy Co. (NYSE:DUK) Shares Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP raised its position in Duke Energy Co. (NYSE:DUK) by 129.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,597 shares of the utilities provider’s stock after acquiring an additional 88,425 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Duke Energy were worth $16,872,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB lifted its holdings in Duke Energy by 0.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider’s stock worth $3,378,000 after buying an additional 93 shares during the last quarter. Pallas Capital Advisors LLC increased its stake in Duke Energy by 2.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider’s stock valued at $372,000 after purchasing an additional 95 shares during the last quarter. Intergy Private Wealth LLC raised its holdings in Duke Energy by 4.8% during the fourth quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider’s stock worth $228,000 after purchasing an additional 96 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Duke Energy by 1.3% during the 4th quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider’s stock worth $779,000 after buying an additional 96 shares during the last quarter. Finally, Cravens & Co Advisors LLC boosted its holdings in shares of Duke Energy by 3.9% in the 4th quarter. Cravens & Co Advisors LLC now owns 2,624 shares of the utilities provider’s stock valued at $283,000 after buying an additional 98 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays upped their price objective on shares of Duke Energy from $111.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Citigroup raised their price target on Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley raised their target price on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Jefferies Financial Group upped their price target on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $126.00.

Duke Energy Trading Up 0.3 %

Shares of DUK opened at $120.31 on Friday. Duke Energy Co. has a twelve month low of $99.21 and a twelve month high of $125.27. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $93.51 billion, a P/E ratio of 21.07, a PEG ratio of 2.79 and a beta of 0.39. The firm’s 50-day moving average is $119.48 and its two-hundred day moving average is $114.60.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. During the same period in the previous year, the business earned $1.44 earnings per share. Duke Energy’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, research analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.47%. Duke Energy’s dividend payout ratio (DPR) is 69.32%.

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.