Atlantic Family Wealth LLC Purchases New Shares in Duke Energy Co. (NYSE:DUK)

Atlantic Family Wealth LLC purchased a new stake in shares of Duke Energy Co. (NYSE:DUK) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,891 shares of the utilities provider’s stock, valued at approximately $204,000.

Several other hedge funds also recently made changes to their positions in the company. PBMares Wealth Management LLC boosted its position in shares of Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 86 shares in the last quarter. Kanawha Capital Management LLC boosted its holdings in Duke Energy by 1.4% in the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after acquiring an additional 92 shares in the last quarter. Baron Wealth Management LLC boosted its holdings in Duke Energy by 3.5% in the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after acquiring an additional 92 shares in the last quarter. Private Wealth Partners LLC boosted its holdings in Duke Energy by 0.6% in the third quarter. Private Wealth Partners LLC now owns 15,982 shares of the utilities provider’s stock worth $1,843,000 after acquiring an additional 93 shares in the last quarter. Finally, Clear Creek Financial Management LLC boosted its holdings in Duke Energy by 4.0% in the third quarter. Clear Creek Financial Management LLC now owns 2,416 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 93 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 2.1 %

Duke Energy stock opened at $115.58 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The stock has a fifty day moving average of $110.10 and a 200 day moving average of $113.01. The stock has a market cap of $89.28 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.79 and a beta of 0.50. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS 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%. As a group, sell-side analysts predict that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently declared 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. This represents a $4.18 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is 73.20%.

Analysts Set New Price Targets

DUK has been the topic of several analyst reports. BMO Capital Markets boosted their target price on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Scotiabank upped their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley lowered their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Jefferies Financial Group upped their price target on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.62.

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.