Strategic Advisors LLC Has $7.33 Million Holdings in Duke Energy Co. (NYSE:DUK)

Strategic Advisors LLC increased its stake in Duke Energy Co. (NYSE:DUK) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,020 shares of the utilities provider’s stock after buying an additional 1,680 shares during the quarter. Duke Energy makes up 1.3% of Strategic Advisors LLC’s holdings, making the stock its 21st biggest position. Strategic Advisors LLC’s holdings in Duke Energy were worth $7,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Creative Planning lifted its holdings in Duke Energy by 9.3% during the 3rd quarter. Creative Planning now owns 304,434 shares of the utilities provider’s stock valued at $35,101,000 after purchasing an additional 25,937 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in Duke Energy during the 3rd quarter worth $260,000. Stratos Wealth Partners LTD. increased its position in Duke Energy by 3.5% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 48,126 shares of the utilities provider’s stock worth $5,549,000 after buying an additional 1,642 shares during the period. Stratos Wealth Advisors LLC increased its position in Duke Energy by 8.8% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 8,434 shares of the utilities provider’s stock worth $973,000 after buying an additional 683 shares during the period. Finally, Accurate Wealth Management LLC increased its position in Duke Energy by 6.4% during the 3rd quarter. Accurate Wealth Management LLC now owns 4,376 shares of the utilities provider’s stock worth $513,000 after buying an additional 262 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

Duke Energy stock opened at $111.69 on Monday. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The business’s 50-day moving average price is $109.85 and its two-hundred day moving average price is $112.98. The stock has a market cap of $86.27 billion, a PE ratio of 20.53, a P/E/G ratio of 2.83 and a beta of 0.50.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. As a group, analysts expect that Duke Energy Co. will post 5.91 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed 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. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 73.20%.

Analyst Upgrades and Downgrades

DUK has been the topic of several recent research reports. Morgan Stanley lowered their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets increased their price objective on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Scotiabank raised their price target on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.08.

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.