Wealthcare Capital Partners LLC Makes New $296,000 Investment in Duke Energy Co. (NYSE:DUK)

Wealthcare Capital Partners LLC bought a new stake in shares of Duke Energy Co. (NYSE:DUK) in the fourth quarter, Holdings Channel reports. The fund bought 2,748 shares of the utilities provider’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy during the 3rd quarter valued at approximately $29,000. Northwest Investment Counselors LLC bought a new position in Duke Energy in the 3rd quarter worth approximately $30,000. CGC Financial Services LLC boosted its holdings in Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after buying an additional 242 shares during the period. Winch Advisory Services LLC boosted its holdings in Duke Energy by 332.9% in the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after buying an additional 243 shares during the period. Finally, Reston Wealth Management LLC bought a new position in Duke Energy in the 3rd quarter worth approximately $38,000. 65.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Scotiabank increased 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. Morgan Stanley lowered their target price on shares of 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. BMO Capital Markets increased their target price on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $122.08.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $115.50 on Tuesday. The firm has a market cap of $89.22 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. 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 company’s fifty day simple moving average is $109.73 and its two-hundred day simple moving average is $112.79.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s 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.