Roxbury Financial LLC Takes $1.24 Million Position in Duke Energy Co. (NYSE:DUK)

Roxbury Financial LLC bought a new stake in Duke Energy Co. (NYSE:DUK - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,583 shares of the utilities provider's stock, valued at approximately $1,239,000. Duke Energy comprises about 1.2% of Roxbury Financial LLC's investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in DUK. Legacy Investment Solutions LLC acquired a new stake in Duke Energy during the third quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy during the 3rd quarter worth approximately $30,000. CGC Financial Services LLC raised its holdings 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. Winch Advisory Services LLC lifted its position in Duke Energy by 332.9% during the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider's stock valued at $34,000 after buying an additional 243 shares in the last quarter. Finally, Reston Wealth Management LLC acquired a new stake in shares of Duke Energy in the third quarter worth $38,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DUK has been the topic of several recent research reports. KeyCorp lowered shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Scotiabank upped their price target on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Finally, 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and an average price target of $122.08.

Duke Energy Stock Up 0.8 %

Shares of DUK stock traded up $0.89 during trading hours on Wednesday, hitting $111.78. 3,860,545 shares of the company were exchanged, compared to its average volume of 3,340,063. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The stock has a market capitalization of $86.34 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.75 and a beta of 0.50. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The business's 50-day simple moving average is $109.88 and its two-hundred day simple moving average is $112.97.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Sell-side analysts predict that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy's payout ratio is currently 73.20%.

Duke Energy Company 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.