Nissay Asset Management Corp Japan ADV Has $15.64 Million Holdings in Duke Energy Co. (NYSE:DUK)

Nissay Asset Management Corp Japan ADV reduced its position in Duke Energy Co. (NYSE:DUK) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,362 shares of the utilities provider’s stock after selling 4,913 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Duke Energy were worth $15,640,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. NorthRock Partners LLC increased its position in Duke Energy by 120.7% in the 4th quarter. NorthRock Partners LLC now owns 6,931 shares of the utilities provider’s stock worth $747,000 after purchasing an additional 3,790 shares during the last quarter. Nuveen Asset Management LLC increased its position in Duke Energy by 14.8% in the 4th quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider’s stock worth $521,322,000 after purchasing an additional 625,008 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in Duke Energy in the 4th quarter worth about $957,000. OMERS ADMINISTRATION Corp increased its holdings in shares of Duke Energy by 20.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 32,194 shares of the utilities provider’s stock valued at $3,469,000 after acquiring an additional 5,485 shares during the last quarter. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of Duke Energy during the 4th quarter valued at about $2,257,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DUK shares. UBS Group increased their price objective on Duke Energy from $123.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Morgan Stanley increased their price objective on Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. BMO Capital Markets lowered their price objective on Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. increased their price objective on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Finally, Jefferies Financial Group increased their price objective on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday, February 21st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $126.00.

Duke Energy Price Performance

Duke Energy stock opened at $112.71 on Thursday. The business has a 50 day simple moving average of $119.37 and a 200 day simple moving average of $114.54. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The company has a market capitalization of $87.60 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a one year low of $99.21 and a one year high of $125.27.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $7.70 billion. During the same period last year, the business earned $1.44 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is currently 69.32%.

Duke Energy 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.