Virginia Wealth Management Group Inc. Increases Position in Duke Energy Co. (NYSE:DUK)

Virginia Wealth Management Group Inc. boosted its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,340 shares of the utilities provider’s stock after purchasing an additional 339 shares during the period. Duke Energy comprises 2.6% of Virginia Wealth Management Group Inc.’s portfolio, making the stock its 16th largest position. Virginia Wealth Management Group Inc.’s holdings in Duke Energy were worth $4,238,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Pathway Financial Advisers LLC grew its position in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares in the last quarter. Groupama Asset Managment acquired a new position in Duke Energy during the 3rd quarter worth $2,537,000. Zimmer Partners LP acquired a new stake in shares of Duke Energy in the 3rd quarter valued at about $166,263,000. Assenagon Asset Management S.A. lifted its position in shares of 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 during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after purchasing an additional 1,117,526 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $112.46 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The stock has a market cap of $86.87 billion, a P/E ratio of 20.67, a PEG ratio of 2.76 and a beta of 0.50. The company has a fifty day moving average price of $110.00 and a 200 day moving average price of $112.61. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25.

Duke Energy (NYSE:DUKGet Free Report) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period last year, the business earned $1.94 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Duke Energy Co. will post 5.91 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DUK shares. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Morgan Stanley reduced their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Scotiabank boosted their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, BMO Capital Markets upped their price target on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.08.

Check Out Our Latest Analysis on Duke Energy

Duke Energy Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUKFree Report).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.