Duke Energy Co. (NYSE:DUK) Shares Sold by Accel Wealth Management

Accel Wealth Management decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 19.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,060 shares of the utilities provider’s stock after selling 722 shares during the quarter. Accel Wealth Management’s holdings in Duke Energy were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DUK. Legacy Investment Solutions LLC purchased a new stake in shares of Duke Energy in the third quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the 3rd quarter worth approximately $30,000. 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 acquiring an additional 243 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of Duke Energy during the third quarter valued at approximately $38,000. Finally, Catalyst Capital Advisors LLC lifted its position in shares of Duke Energy by 100.0% during the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Up 0.5 %

NYSE:DUK opened at $109.86 on Friday. The stock has a market cap of $84.87 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.71 and a beta of 0.49. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The business has a fifty day moving average of $110.26 and a 200-day moving average of $112.21.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that Duke Energy Co. will post 5.92 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s payout ratio is 76.84%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DUK shares. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Scotiabank increased their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley dropped their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Company 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.