Duke Energy Co. (NYSE:DUK) Shares Bought by Triangle Securities Wealth Management

Triangle Securities Wealth Management increased its position in shares of Duke Energy Co. (NYSE:DUK) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,589 shares of the utilities provider’s stock after buying an additional 1,020 shares during the quarter. Triangle Securities Wealth Management’s holdings in Duke Energy were worth $3,296,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DUK. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy during the third quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy in the third quarter valued at $30,000. Winch Advisory Services LLC raised its holdings in shares of Duke Energy by 332.9% in 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 period. Reston Wealth Management LLC purchased a new position in Duke Energy during the 3rd quarter valued at about $38,000. Finally, Catalyst Capital Advisors LLC grew its position in Duke Energy by 100.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 167 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Trading Up 0.3 %

Duke Energy stock opened at $109.34 on Friday. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The stock has a market cap of $84.47 billion, a PE ratio of 20.10, a P/E/G ratio of 2.64 and a beta of 0.49. The stock has a 50-day moving average price of $110.47 and a 200 day moving average price of $111.88. 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 (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate 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 company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.94 earnings per share. Equities research analysts predict that Duke Energy Co. will post 5.94 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.82%. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of recent research reports. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Scotiabank boosted their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Barclays increased their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, 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 research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Duke Energy presently 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.