Duke Energy Co. (NYSE:DUK) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 9.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 49,821 shares of the utilities provider's stock after purchasing an additional 4,275 shares during the period. TD Private Client Wealth LLC's holdings in Duke Energy were worth $5,368,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. United Bank boosted its stake in shares of Duke Energy by 2.7% in the third quarter. United Bank now owns 4,764 shares of the utilities provider's stock valued at $549,000 after purchasing an additional 127 shares during the period. Empowered Funds LLC lifted its holdings in Duke Energy by 9.4% during the 3rd quarter. Empowered Funds LLC now owns 16,601 shares of the utilities provider's stock worth $1,914,000 after buying an additional 1,432 shares in the last quarter. Pathstone Holdings LLC boosted its position in Duke Energy by 9.8% in the 3rd quarter. Pathstone Holdings LLC now owns 93,008 shares of the utilities provider's stock valued at $10,724,000 after buying an additional 8,308 shares during the period. Caprock Group LLC grew its stake in shares of Duke Energy by 25.1% in the third quarter. Caprock Group LLC now owns 10,537 shares of the utilities provider's stock worth $1,215,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Duke Energy in the third quarter valued at $83,000. Institutional investors and hedge funds own 65.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group upped their price target on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday. Scotiabank upped their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Guggenheim lifted their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets increased their target price on Duke Energy from $123.00 to $128.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.87.

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Duke Energy Trading Down 1.7 %

Shares of NYSE:DUK traded down $2.05 during trading on Tuesday, reaching $116.10. 5,551,592 shares of the stock were exchanged, compared to its average volume of 2,999,686. Duke Energy Co. has a 12-month low of $92.75 and a 12-month high of $121.47. The firm's 50-day moving average price is $114.39 and its 200 day moving average price is $113.66. The firm has a market cap of $90.21 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were paid a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.60%. Duke Energy's payout ratio is 73.20%.

Duke Energy 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.