Level Wealth Management LLC bought a new stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,008 shares of the utilities provider's stock, valued at approximately $540,000. Duke Energy makes up approximately 0.4% of Level Wealth Management LLC's investment portfolio, making the stock its 26th largest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC raised its position in shares of Duke Energy by 11,471.4% in 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 acquired a new position in Duke Energy during the 3rd quarter valued at about $2,537,000. Zimmer Partners LP acquired a new position in Duke Energy during the 3rd quarter valued at about $166,263,000. Assenagon Asset Management S.A. increased its position in Duke Energy by 155.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider's stock valued at $201,832,000 after buying an additional 1,138,979 shares in the last quarter. Finally, International Assets Investment Management LLC increased 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 valued at $129,782,000 after buying an additional 1,117,526 shares in the last quarter. 65.31% of the stock is owned by institutional investors.
Duke Energy Price Performance
DUK stock traded up $1.53 during mid-day trading on Wednesday, reaching $113.96. 1,774,142 shares of the company's stock were exchanged, compared to its average volume of 3,074,079. The company has a market cap of $88.03 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.76 and a beta of 0.50. The stock's 50 day moving average is $109.91 and its 200 day moving average is $112.65. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts' consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. 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 previous year, the company earned $1.94 EPS. Duke Energy's revenue was up 2.1% compared to the same quarter last year. On average, research analysts expect that Duke Energy Co. will post 5.91 EPS for the current year.
Duke Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.67%. Duke Energy's dividend payout ratio is presently 76.84%.
Analysts Set New Price Targets
Several research analysts recently issued reports on DUK shares. BMO Capital Markets upped their target price on Duke Energy from $119.00 to $124.00 and gave the company an "outperform" rating in a research report on Monday. KeyCorp lowered Duke Energy from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 22nd. Scotiabank boosted their price target 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. Morgan Stanley dropped their price target on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Finally, Mizuho upgraded Duke Energy from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.08.
Check Out Our Latest Stock Analysis on Duke Energy
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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