Red Door Wealth Management LLC Has $4.67 Million Stake in Duke Energy Co. (NYSE:DUK)

Red Door Wealth Management LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,309 shares of the utilities provider’s stock after buying an additional 3,250 shares during the period. Red Door Wealth Management LLC’s holdings in Duke Energy were worth $4,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DUK. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy during the third quarter worth approximately $29,000. Northwest Investment Counselors LLC purchased a new stake in Duke Energy in the 3rd quarter worth approximately $30,000. Winch Advisory Services LLC boosted its stake 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 valued at $34,000 after buying an additional 243 shares during the period. Reston Wealth Management LLC purchased a new position in shares of Duke Energy during the 3rd quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC increased its stake 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 worth $39,000 after acquiring an additional 167 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of recent research reports. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Scotiabank lifted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley dropped 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 note on Friday, November 22nd. Finally, Barclays lifted their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Six equities research 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 company has a consensus rating of “Moderate Buy” and an average price target of $122.23.

Duke Energy Stock Performance

DUK opened at $109.37 on Friday. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The firm has a market capitalization of $84.48 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.76 and a beta of 0.49. The stock’s 50 day moving average price is $110.33 and its two-hundred day moving average price is $112.17. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last released its earnings results 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). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the previous year, the business posted $1.94 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Duke Energy Co. will post 5.92 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently announced 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 dividend yield of 3.82%. Duke Energy’s payout ratio is 76.84%.

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.