Principle Wealth Partners LLC Has $4.51 Million Holdings in Duke Energy Co. (NYSE:DUK)

Principle Wealth Partners LLC increased its stake in shares of Duke Energy Co. (NYSE:DUK) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,812 shares of the utilities provider’s stock after acquiring an additional 5,898 shares during the period. Principle Wealth Partners LLC’s holdings in Duke Energy were worth $4,505,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PBMares Wealth Management LLC increased its holdings in Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after buying an additional 86 shares during the last quarter. Castleview Partners LLC raised its holdings in shares of Duke Energy by 4.9% in the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 90 shares during the period. Kanawha Capital Management LLC lifted its stake in Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 92 shares during the last quarter. Baron Wealth Management LLC increased its position in Duke Energy by 3.5% during the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after buying an additional 92 shares during the last quarter. Finally, Chicago Capital LLC lifted its position in shares of Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after buying an additional 93 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. 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. Scotiabank raised 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. BMO Capital Markets upped their price target 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. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock 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 assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.08.

Duke Energy Price Performance

Shares of NYSE DUK opened at $115.50 on Tuesday. The business has a fifty day moving average price of $109.73 and a two-hundred day moving average price of $112.79. The stock has a market capitalization of $89.22 billion, a PE ratio of 21.23, a P/E/G ratio of 2.83 and a beta of 0.50. 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 fifty-two week low of $90.09 and a fifty-two week high of $121.25.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.62%. Duke Energy’s dividend payout ratio is 76.84%.

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.