Duke Energy Co. (NYSE:DUK) Stake Raised by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC increased its holdings in Duke Energy Co. (NYSE:DUK) by 17.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,093 shares of the utilities provider’s stock after purchasing an additional 599 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Duke Energy were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in DUK. Legacy Investment Solutions LLC acquired a new position in shares of Duke Energy during the third quarter valued at $29,000. Northwest Investment Counselors LLC bought a new position in Duke Energy in the 3rd quarter valued at about $30,000. Winch Advisory Services LLC raised 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 worth $34,000 after buying an additional 243 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Duke Energy in the 3rd quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Duke Energy by 100.0% in the third 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. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.1 %

NYSE:DUK opened at $112.14 on Monday. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The firm has a market capitalization of $86.62 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.73 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 moving average price is $110.03 and its 200 day moving average price is $112.53.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The company had revenue of $8.16 billion during 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%. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. On average, sell-side analysts forecast that Duke Energy Co. will post 5.91 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Wall Street Analysts Forecast Growth

DUK has been the topic of several research analyst reports. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Scotiabank raised 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. Finally, Morgan Stanley dropped their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.23.

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.