Duke Energy Co. (NYSE:DUK) Holdings Lifted by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC boosted its holdings in Duke Energy Co. (NYSE:DUK) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,096 shares of the utilities provider’s stock after acquiring an additional 266 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Duke Energy were worth $334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. PBMares Wealth Management LLC increased its stake in shares of Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after acquiring an additional 86 shares during the period. Castleview Partners LLC lifted its holdings in shares of Duke Energy by 4.9% in the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after buying an additional 90 shares during the period. Kanawha Capital Management LLC boosted its stake in Duke Energy by 1.4% during the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after buying an additional 92 shares in the last quarter. Baron Wealth Management LLC raised its position 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 worth $315,000 after acquiring an additional 92 shares in the last quarter. Finally, Chicago Capital LLC boosted its position in shares of Duke Energy by 0.9% during the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 0.4 %

Shares of NYSE:DUK opened at $115.01 on Monday. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $88.85 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. The firm has a fifty day moving average of $109.73 and a two-hundred day moving average of $112.76.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.94 earnings per share. On average, equities analysts expect that Duke Energy Co. will post 5.91 EPS for the current fiscal year.

Duke Energy Announces Dividend

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 given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.63%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is 76.84%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. BMO Capital Markets raised their price objective on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley decreased their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Scotiabank upped their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.08.

About Duke Energy

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.