Bokf Na Lowers Stake in Duke Energy Co. (NYSE:DUK)

Bokf Na decreased its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,366 shares of the utilities provider's stock after selling 6,610 shares during the period. Bokf Na's holdings in Duke Energy were worth $18,248,000 as of its most recent SEC filing.

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Several other large investors have also recently made changes to their positions in the business. Parkworth Wealth Management Inc. bought a new stake in Duke Energy in the fourth quarter worth $28,000. WealthTrak Capital Management LLC purchased a new position in shares of Duke Energy in the 4th quarter worth about $30,000. Sierra Ocean LLC purchased a new stake in Duke Energy during the 4th quarter valued at about $31,000. Rakuten Securities Inc. increased its stake in Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Finally, CGC Financial Services LLC raised its holdings in Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after buying an additional 242 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $120.70 on Tuesday. The stock's fifty day moving average is $119.13 and its 200 day moving average is $114.53. Duke Energy Co. has a one year low of $99.21 and a one year high of $125.27. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The stock has a market cap of $93.79 billion, a P/E ratio of 21.14, a P/E/G ratio of 2.79 and a beta of 0.39.

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Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data 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 return on equity of 9.50% and a net margin of 14.90%. Sell-side analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

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 paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Friday, May 16th. Duke Energy's dividend payout ratio (DPR) is 73.20%.

Wall Street Analyst Weigh In

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Several brokerages recently weighed in on DUK. UBS Group raised their price target on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Jefferies Financial Group boosted their price target on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Guggenheim increased their price objective on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Barclays boosted their target price on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, BMO Capital Markets reduced their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Duke Energy currently has a consensus rating of "Moderate Buy" and an average target price of $123.87.

Check Out Our Latest Stock Report on Duke Energy

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.

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