Northcape Wealth Management LLC Decreases Stock Holdings in Duke Energy Co. (NYSE:DUK)

Northcape Wealth Management LLC decreased its holdings in Duke Energy Co. (NYSE:DUK) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,716 shares of the utilities provider’s stock after selling 102 shares during the quarter. Northcape Wealth Management LLC’s holdings in Duke Energy were worth $1,478,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DUK. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy during the third quarter worth $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Duke Energy in the third quarter worth about $30,000. Sierra Ocean LLC acquired a new stake in shares of Duke Energy during the 4th quarter worth approximately $31,000. CGC Financial Services LLC grew its position in Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after buying an additional 242 shares during the period. Finally, Winch Advisory Services LLC grew 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 valued at $34,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.7 %

Shares of NYSE:DUK opened at $110.85 on Wednesday. The company has a market capitalization of $85.63 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.83 and a beta of 0.50. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The business has a 50-day moving average price of $109.84 and a 200 day moving average price of $112.98. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

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

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Scotiabank lifted their price target 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 Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets raised their target price on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price 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.