Atlas Private Wealth Advisors boosted its stake in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,294 shares of the utilities provider’s stock after buying an additional 130 shares during the period. Atlas Private Wealth Advisors’ holdings in Duke Energy were worth $463,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PBMares Wealth Management LLC increased its holdings in shares of Duke Energy by 1.8% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after purchasing an additional 86 shares in the last quarter. Castleview Partners LLC increased 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 worth $224,000 after purchasing an additional 90 shares in the last quarter. Kanawha Capital Management LLC increased its holdings in shares of Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 92 shares in the last quarter. Baron Wealth Management LLC increased its holdings in shares of Duke Energy by 3.5% in the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 92 shares in the last quarter. Finally, Chicago Capital LLC increased its holdings in shares of Duke Energy by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $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 0.5 %
Shares of DUK stock opened at $109.86 on Friday. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The stock’s 50-day moving average price is $110.31 and its 200-day moving average price is $112.15. The stock has a market capitalization of $84.87 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.71 and a beta of 0.49.
Duke Energy Announces Dividend
The firm 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.80%. Duke Energy’s dividend payout ratio is 76.84%.
Analyst Ratings Changes
A number of analysts have commented on the company. Barclays lifted their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Scotiabank lifted their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley cut their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.23.
View Our Latest Analysis on DUK
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.
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