Duke Energy Co. (NYSE:DUK) Shares Purchased by Truist Financial Corp

Truist Financial Corp grew its stake in shares of Duke Energy Co. (NYSE:DUK) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 743,593 shares of the utilities provider’s stock after acquiring an additional 7,893 shares during the period. Truist Financial Corp’s holdings in Duke Energy were worth $80,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DUK. Geode Capital Management LLC grew its position in Duke Energy by 2.6% during the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after buying an additional 442,302 shares during the period. Pathway Financial Advisers LLC boosted its stake in shares of Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. Swiss National Bank grew its holdings in shares of Duke Energy by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after acquiring an additional 6,500 shares during the period. Groupama Asset Managment acquired a new position in Duke Energy during the third quarter worth $2,537,000. Finally, Assenagon Asset Management S.A. boosted its position in Duke Energy by 155.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock worth $201,832,000 after purchasing an additional 1,138,979 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley cut their price target 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. BMO Capital Markets upped their price target on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Scotiabank raised their price objective 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. Finally, KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.08.

Duke Energy Trading Down 2.0 %

Shares of Duke Energy stock opened at $111.69 on Tuesday. The firm has a market cap of $86.27 billion, a PE ratio of 20.53, a P/E/G ratio of 2.83 and a beta of 0.50. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The business’s fifty day moving average is $109.85 and its two-hundred day moving average is $113.01.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Analysts anticipate that Duke Energy Co. will post 5.91 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 76.84%.

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.