Duke Energy Co. (NYSE:DUK) Stock Holdings Decreased by BCGM Wealth Management LLC

BCGM Wealth Management LLC lowered its stake in Duke Energy Co. (NYSE:DUK) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,642 shares of the utilities provider’s stock after selling 128 shares during the period. BCGM Wealth Management LLC’s holdings in Duke Energy were worth $608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy in the 3rd quarter worth about $29,000. Sierra Ocean LLC bought a new stake in shares of Duke Energy in the 4th quarter worth about $31,000. CGC Financial Services LLC increased its position in shares of Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 242 shares during the last quarter. Winch Advisory Services LLC grew its position in shares of Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after buying an additional 243 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at about $36,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on shares of 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. BMO Capital Markets boosted their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Jefferies Financial Group boosted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday. Finally, Scotiabank boosted their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.62.

Duke Energy Stock Performance

DUK opened at $115.58 on Monday. The company has a market capitalization of $89.28 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.79 and a beta of 0.50. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The business has a 50 day moving average price of $110.10 and a two-hundred day moving average price of $113.00.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Research analysts predict that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.62%. Duke Energy’s dividend payout ratio (DPR) is 73.20%.

About Duke Energy

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.