New York Life Investment Management LLC Has $11.16 Million Stock Position in Duke Energy Co. (NYSE:DUK)

New York Life Investment Management LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 103,568 shares of the utilities provider’s stock after acquiring an additional 1,006 shares during the quarter. New York Life Investment Management LLC’s holdings in Duke Energy were worth $11,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KMG Fiduciary Partners LLC increased its holdings in shares of Duke Energy by 5.5% during the 4th quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock worth $5,613,000 after acquiring an additional 2,705 shares during the last quarter. Pines Wealth Management LLC bought a new position in Duke Energy during the fourth quarter worth $1,032,000. CCM Investment Advisers LLC increased its holdings in shares of Duke Energy by 24.3% in the fourth quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock valued at $9,008,000 after purchasing an additional 16,356 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Duke Energy by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock valued at $31,941,000 after purchasing an additional 9,070 shares during the period. Finally, Corundum Group Inc. bought a new stake in shares of Duke Energy during the 4th quarter worth about $1,566,000. Institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Morgan Stanley lowered their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group lifted their price target on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Scotiabank upped their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets lifted their target price on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $121.62.

Duke Energy Stock Down 0.2 %

DUK stock opened at $116.03 on Friday. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The business has a 50-day simple moving average of $110.85 and a 200 day simple moving average of $113.10. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The company has a market cap of $89.63 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.79 and a beta of 0.50.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Sell-side analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.60%. Duke Energy’s payout ratio is 73.20%.

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.