SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Duke Energy Co. (NYSE:DUK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,230 shares of the utilities provider's stock, valued at approximately $240,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new position in Duke Energy during the third quarter worth $29,000. Parkworth Wealth Management Inc. bought a new position in Duke Energy during the fourth quarter worth about $28,000. Sierra Ocean LLC acquired a new position in Duke Energy during the fourth quarter worth approximately $31,000. CGC Financial Services LLC raised its stake in Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after buying an additional 242 shares during the period. Finally, Winch Advisory Services LLC boosted its stake in shares of Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider's stock worth $34,000 after acquiring an additional 243 shares during the period. Institutional investors own 65.31% of the company's stock.
Analysts Set New Price Targets
Several brokerages have issued reports on DUK. BMO Capital Markets raised their price target on Duke Energy from $123.00 to $128.00 and gave the company an "outperform" rating in a report on Tuesday. Scotiabank upped their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday. Guggenheim raised their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, Morgan Stanley reduced their price target on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.93.
Read Our Latest Stock Analysis on DUK
Duke Energy Stock Performance
Shares of DUK stock opened at $117.76 on Wednesday. The firm has a market capitalization of $91.43 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.79 and a beta of 0.48. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The business's 50-day moving average price is $112.22 and its 200-day moving average price is $113.34. Duke Energy Co. has a 12 month low of $92.75 and a 12 month high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (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%. Equities research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current year.
Duke Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy's dividend payout ratio is presently 73.20%.
About Duke Energy
(
Free Report)
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.
See Also
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