Secure Asset Management LLC Acquires Shares of 2,191 Duke Energy Co. (NYSE:DUK)

Secure Asset Management LLC purchased a new position in shares of Duke Energy Co. (NYSE:DUKFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,191 shares of the utilities provider’s stock, valued at approximately $236,000.

Several other hedge funds also recently added to or reduced their stakes in DUK. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy during the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC purchased a new stake in Duke Energy in the third quarter worth $30,000. Winch Advisory Services LLC lifted its position in shares of Duke Energy by 332.9% during the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 243 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Duke Energy in the third quarter worth about $38,000. Finally, Catalyst Capital Advisors LLC increased its stake in Duke Energy by 100.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after buying an additional 167 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DUK shares. Barclays raised their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. 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 report on Thursday, December 12th. Morgan Stanley reduced their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.23.

Read Our Latest Analysis on Duke Energy

Duke Energy Stock Up 0.5 %

NYSE:DUK opened at $109.86 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The company has a market cap of $84.87 billion, a PE ratio of 20.20, a P/E/G ratio of 2.71 and a beta of 0.49. The company’s 50 day moving average is $110.26 and its two-hundred day moving average is $112.21.

Duke Energy (NYSE:DUKGet Free Report) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the company earned $1.94 earnings per share. Duke Energy’s revenue was up 2.1% on a year-over-year basis. Analysts anticipate that Duke Energy Co. will post 5.92 EPS 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 given 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 is presently 76.84%.

Duke Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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