NTV Asset Management LLC Purchases 317 Shares of Duke Energy Co. (NYSE:DUK)

NTV Asset Management LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,336 shares of the utilities provider’s stock after purchasing an additional 317 shares during the quarter. NTV Asset Management LLC’s holdings in Duke Energy were worth $1,652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DUK. Geode Capital Management LLC lifted its holdings in shares of Duke Energy by 2.6% in 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 acquiring an additional 442,302 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Duke Energy by 11,471.4% in the third 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 during the last quarter. Swiss National Bank lifted its holdings in shares of Duke Energy by 0.3% in the third 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 last quarter. Groupama Asset Managment bought a new position in shares of Duke Energy in the third quarter worth about $2,537,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Duke Energy by 155.1% in 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 acquiring an additional 1,138,979 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Morgan Stanley lowered their price objective 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. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Scotiabank upped their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy Stock Performance

NYSE:DUK opened at $111.69 on Monday. The company has a market capitalization 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 50 day simple moving average of $109.85 and a two-hundred day simple moving average of $112.98. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Research 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 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.