Precedent Wealth Partners LLC Boosts Stock Holdings in Duke Energy Co. (NYSE:DUK)

Precedent Wealth Partners LLC boosted its holdings in Duke Energy Co. (NYSE:DUK) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,028 shares of the utilities provider’s stock after buying an additional 144 shares during the period. Precedent Wealth Partners LLC’s holdings in Duke Energy were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. PBMares Wealth Management LLC increased its position in shares of Duke Energy by 1.8% during the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 86 shares during the last quarter. Castleview Partners LLC boosted its position 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 grew its holdings in shares of 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 during the last quarter. Baron Wealth Management LLC lifted its holdings in shares of Duke Energy by 3.5% during the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 92 shares in the last quarter. Finally, Chicago Capital LLC grew its stake 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 worth $1,172,000 after acquiring an additional 93 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Trading Up 0.5 %

Shares of NYSE:DUK opened at $109.86 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The business’s 50 day moving average price is $110.26 and its 200-day moving average price is $112.21. The firm 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 Co. has a 1 year low of $90.09 and a 1 year high of $121.25.

Duke Energy (NYSE:DUK) last released its 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). The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. On average, equities research analysts forecast that Duke Energy Co. will post 5.92 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 3.80%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Analyst Ratings Changes

A number of research firms have commented on DUK. 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. Morgan Stanley lowered 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. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Finally, Barclays lifted their price objective 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $122.23.

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.