Axxcess Wealth Management LLC raised its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,254 shares of the utilities provider's stock after purchasing an additional 3,042 shares during the period. Axxcess Wealth Management LLC's holdings in Duke Energy were worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baron Wealth Management LLC grew its stake in Duke Energy by 3.5% in the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider's stock valued at $315,000 after purchasing an additional 92 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Duke Energy by 0.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider's stock valued at $3,378,000 after purchasing an additional 93 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in Duke Energy by 2.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider's stock valued at $372,000 after purchasing an additional 95 shares during the last quarter. Intergy Private Wealth LLC grew its stake in Duke Energy by 4.8% in the fourth quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider's stock valued at $228,000 after purchasing an additional 96 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its stake in Duke Energy by 1.3% in the fourth quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider's stock valued at $779,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company's stock.
Analysts Set New Price Targets
DUK has been the topic of several analyst reports. Scotiabank lifted their target price 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. JPMorgan Chase & Co. raised their price target on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Guggenheim raised their price target on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. BMO Capital Markets raised their price target on Duke Energy from $123.00 to $128.00 and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Finally, UBS Group raised their price target on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.87.
Get Our Latest Analysis on Duke Energy
Duke Energy Stock Performance
NYSE:DUK traded down $1.15 during trading hours on Friday, reaching $119.01. The company had a trading volume of 5,850,305 shares, compared to its average volume of 2,996,010. Duke Energy Co. has a 1-year low of $92.75 and a 1-year high of $121.47. The firm has a market cap of $92.47 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. The business's 50 day moving average price is $114.16 and its 200-day moving average price is $113.69. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44.
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 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%. Research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current year.
Duke Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 14th were given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, February 14th. Duke Energy's dividend payout ratio (DPR) 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.
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