Wolff Wiese Magana LLC Has $1.80 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Wolff Wiese Magana LLC increased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,683 shares of the utilities provider’s stock after buying an additional 345 shares during the quarter. Duke Energy accounts for about 1.2% of Wolff Wiese Magana LLC’s holdings, making the stock its 27th biggest holding. Wolff Wiese Magana LLC’s holdings in Duke Energy were worth $1,797,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Apella Capital LLC lifted its holdings in shares of Duke Energy by 58.2% in the fourth quarter. Apella Capital LLC now owns 5,057 shares of the utilities provider’s stock worth $545,000 after acquiring an additional 1,860 shares during the last quarter. Founders Grove Wealth Partners LLC acquired a new position in Duke Energy during the 4th quarter worth approximately $220,000. Laurel Wealth Advisors LLC grew its stake in shares of Duke Energy by 86.5% during the fourth quarter. Laurel Wealth Advisors LLC now owns 148,703 shares of the utilities provider’s stock worth $16,021,000 after buying an additional 68,977 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Duke Energy by 22.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,166 shares of the utilities provider’s stock worth $233,000 after buying an additional 400 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Duke Energy by 48.9% during the 4th quarter. Park Avenue Securities LLC now owns 62,259 shares of the utilities provider’s stock valued at $6,708,000 after acquiring an additional 20,442 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $106.77 on Wednesday. The firm has a market capitalization of $82.48 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.88 and a beta of 0.49. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The business’s fifty day simple moving average is $110.73 and its 200 day simple moving average is $111.87. Duke Energy Co. has a 12 month low of $90.09 and a 12 month 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 business 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 company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 earnings per share. As a group, analysts anticipate that Duke Energy Co. will post 5.95 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.91%. Duke Energy’s dividend payout ratio is 76.84%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Scotiabank upped their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on shares of Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective on the stock. Finally, Morgan Stanley cut their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.23.

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.