Harbor Capital Advisors Inc. Has $2.10 Million Stake in Duke Energy Co. (NYSE:DUK)

Harbor Capital Advisors Inc. lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,482 shares of the utilities provider’s stock after buying an additional 477 shares during the period. Harbor Capital Advisors Inc.’s holdings in Duke Energy were worth $2,099,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC grew its stake in shares of Duke Energy by 11,471.4% during the 3rd 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 in the last quarter. Groupama Asset Managment bought a new position in Duke Energy in the third quarter valued at $2,537,000. Zimmer Partners LP acquired a new stake in Duke Energy in the 3rd quarter valued at $166,263,000. International Assets Investment Management LLC lifted its position in Duke Energy by 13,829.1% during 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 buying an additional 1,117,526 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Barclays increased their price objective on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. BMO Capital Markets boosted their target price on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Morgan Stanley cut 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 note on Friday, November 22nd. Finally, KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.23.

Duke Energy Price Performance

Shares of NYSE DUK opened at $105.93 on Friday. The business’s 50 day moving average is $111.00 and its 200-day moving average is $111.70. The firm has a market cap of $81.83 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 2.88 and a beta of 0.47. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last posted 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 in the prior year, the business posted $1.94 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that Duke Energy Co. will post 5.95 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.95%. Duke Energy’s dividend payout ratio is presently 76.84%.

Duke Energy 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.