RWA Wealth Partners LLC Purchases 55,921 Shares of Duke Energy Co. (NYSE:DUK)

RWA Wealth Partners LLC boosted its position in Duke Energy Co. (NYSE:DUK) by 111.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 106,136 shares of the utilities provider’s stock after buying an additional 55,921 shares during the quarter. RWA Wealth Partners LLC’s holdings in Duke Energy were worth $11,435,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Duke Energy during the third quarter worth $29,000. Parkworth Wealth Management Inc. bought a new stake in Duke Energy during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new position in Duke Energy in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. increased its position in shares of Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of Duke Energy in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

DUK opened at $119.42 on Friday. The firm has a market cap of $92.79 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. The business’s fifty day moving average is $115.17 and its 200-day moving average is $113.70. Duke Energy Co. has a 52-week low of $92.75 and a 52-week high of $121.47. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Sell-side analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 14th were issued a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.50%. Duke Energy’s dividend payout ratio (DPR) is currently 73.20%.

Analysts Set New Price Targets

A number of analysts have commented on DUK shares. Guggenheim increased their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. UBS Group raised their price objective on Duke Energy from $123.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Jefferies Financial Group increased their price target on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, BMO Capital Markets lifted their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.87.

Duke Energy Company 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.