Duke Energy Co. (NYSE:DUK) Shares Sold by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC trimmed its position in shares of Duke Energy Co. (NYSE:DUKFree Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,950 shares of the utilities provider’s stock after selling 325 shares during the period. Revolve Wealth Partners LLC’s holdings in Duke Energy were worth $318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KMG Fiduciary Partners LLC boosted its stake in shares of Duke Energy by 5.5% during the 4th quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock valued at $5,613,000 after buying an additional 2,705 shares during the last quarter. CCM Investment Advisers LLC boosted its stake in Duke Energy by 24.3% during the 4th quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock valued at $9,008,000 after acquiring an additional 16,356 shares during the last quarter. Pines Wealth Management LLC acquired a new position in Duke Energy during the 4th quarter worth $1,032,000. Corundum Group Inc. bought a new stake in shares of Duke Energy in the 4th quarter worth about $1,566,000. Finally, Hilltop Holdings Inc. lifted its position in shares of Duke Energy by 59.2% during the third quarter. Hilltop Holdings Inc. now owns 23,388 shares of the utilities provider’s stock worth $2,697,000 after purchasing an additional 8,699 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE DUK opened at $112.60 on Tuesday. The stock has a market cap of $86.98 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.71 and a beta of 0.49. The firm’s 50-day simple moving average is $110.26 and its 200 day simple moving average is $112.36. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week 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.

Duke Energy (NYSE:DUKGet Free Report) 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). The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. Equities analysts expect that Duke Energy Co. will post 5.92 EPS for the current year.

Duke Energy Announces Dividend

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 3.71%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is currently 76.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. 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 report on Friday, November 22nd. Scotiabank lifted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, Barclays raised their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Get Our Latest Analysis on DUK

Duke Energy 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.

See Also

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

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