Founders Financial Alliance LLC reduced its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,248 shares of the utilities provider's stock after selling 2,349 shares during the period. Duke Energy comprises 1.6% of Founders Financial Alliance LLC's investment portfolio, making the stock its 9th largest holding. Founders Financial Alliance LLC's holdings in Duke Energy were worth $5,845,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in Duke Energy during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC acquired a new position in Duke Energy during the 4th quarter worth approximately $31,000. CGC Financial Services LLC grew its holdings in Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after acquiring an additional 242 shares in the last quarter. Winch Advisory Services LLC grew its holdings in 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 in the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in Duke Energy during the 4th quarter worth approximately $36,000. 65.31% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on DUK. Morgan Stanley lowered 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 report on Friday, November 22nd. Jefferies Financial Group boosted their price target on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, February 21st. BMO Capital Markets upped their target price on shares of Duke Energy from $123.00 to $128.00 and gave the company an "outperform" rating in a report on Tuesday. Guggenheim upped their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $122.93.
Read Our Latest Analysis on Duke Energy
Duke Energy Stock Performance
NYSE:DUK traded down $0.74 during trading hours on Tuesday, reaching $117.76. 6,297,482 shares of the company's stock were exchanged, compared to its average volume of 3,525,506. The firm has a market capitalization of $91.43 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 2.79 and a beta of 0.48. The company has a 50-day moving average of $112.22 and a 200 day moving average of $113.34. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a 1-year low of $92.75 and a 1-year high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Research analysts anticipate 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. Stockholders of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, February 14th. Duke Energy's payout ratio is 73.20%.
Duke Energy Profile
(
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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