Centre Asset Management LLC reduced its stake in shares of Duke Energy Corp (NYSE:DUK) by 14.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,749 shares of the utilities provider’s stock after selling 1,470 shares during the period. Centre Asset Management LLC’s holdings in Duke Energy were worth $798,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Family Legacy Inc. lifted its stake in Duke Energy by 4.0% in the fourth quarter. Family Legacy Inc. now owns 39,833 shares of the utilities provider’s stock worth $3,601,000 after purchasing an additional 1,517 shares during the last quarter. Windward Capital Management Co. CA increased its position in shares of Duke Energy by 22.8% during the fourth quarter. Windward Capital Management Co. CA now owns 41,204 shares of the utilities provider’s stock valued at $3,758,000 after buying an additional 7,661 shares during the period. Atlantic Union Bankshares Corp increased its position in shares of Duke Energy by 1.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 17,490 shares of the utilities provider’s stock valued at $1,596,000 after buying an additional 254 shares during the period. Donaldson Capital Management LLC increased its position in shares of Duke Energy by 23.6% during the fourth quarter. Donaldson Capital Management LLC now owns 13,696 shares of the utilities provider’s stock valued at $1,249,000 after buying an additional 2,619 shares during the period. Finally, Atlas Brown Inc. boosted its stake in Duke Energy by 17.0% during the fourth quarter. Atlas Brown Inc. now owns 9,629 shares of the utilities provider’s stock worth $878,000 after acquiring an additional 1,401 shares in the last quarter. 60.16% of the stock is owned by institutional investors and hedge funds.

DUK stock traded up $0.06 during midday trading on Tuesday, reaching $91.30. 2,947,963 shares of the company’s stock traded hands, compared to its average volume of 3,022,574. Duke Energy Corp has a 52-week low of $83.33 and a 52-week high of $97.37. The stock has a market cap of $66.47 billion, a P/E ratio of 19.34, a PEG ratio of 3.65 and a beta of 0.06. The company has a current ratio of 0.72, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. The stock’s 50-day moving average is $89.89 and its 200 day moving average is $91.21.

Duke Energy (NYSE:DUK) last announced its earnings results on Friday, November 8th. The utilities provider reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.10. Duke Energy had a net margin of 14.10% and a return on equity of 8.24%. The business had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same period in the prior year, the company earned $1.65 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Duke Energy Corp will post 5.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.945 per share. The ex-dividend date is Thursday, February 13th. This represents a $3.78 dividend on an annualized basis and a yield of 4.14%. Duke Energy’s dividend payout ratio is currently 80.08%.

Several research analysts have recently issued reports on DUK shares. Mizuho started coverage on shares of Duke Energy in a research note on Friday, November 22nd. They issued a “neutral” rating and a $90.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Duke Energy from $91.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Morgan Stanley lowered their price objective on shares of Duke Energy from $96.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Bank of America downgraded shares of Duke Energy to an “underperform” rating and increased their price objective for the company from to in a research report on Monday. Finally, UBS Group restated a “buy” rating and set a $105.00 price objective on shares of Duke Energy in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $95.17.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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

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