Axxcess Wealth Management LLC Has $3.48 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Axxcess Wealth Management LLC lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,254 shares of the utilities provider’s stock after purchasing an additional 3,042 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Duke Energy were worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Argent Advisors Inc. increased its holdings in Duke Energy by 1.6% in the 4th quarter. Argent Advisors Inc. now owns 17,349 shares of the utilities provider’s stock valued at $1,869,000 after buying an additional 277 shares during the period. Aspen Wealth Strategies LLC boosted its position in shares of Duke Energy by 10.7% during the 4th quarter. Aspen Wealth Strategies LLC now owns 5,899 shares of the utilities provider’s stock valued at $636,000 after acquiring an additional 568 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in Duke Energy by 0.4% in the fourth quarter. Tocqueville Asset Management L.P. now owns 161,028 shares of the utilities provider’s stock valued at $17,349,000 after acquiring an additional 594 shares during the period. Flagship Wealth Advisors LLC bought a new position in Duke Energy during the fourth quarter worth about $61,000. Finally, 1ST Source Bank boosted its holdings in Duke Energy by 1.5% during the fourth quarter. 1ST Source Bank now owns 11,208 shares of the utilities provider’s stock valued at $1,208,000 after purchasing an additional 165 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 0.0 %

NYSE DUK opened at $120.85 on Wednesday. The stock has a market capitalization of $93.84 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a 52 week low of $92.75 and a 52 week high of $121.47. 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 $113.44 and a 200-day moving average of $113.57.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 14th were issued a $1.045 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.46%. Duke Energy’s dividend payout ratio is currently 73.20%.

Analysts Set New Price Targets

Several equities analysts recently commented on DUK shares. Scotiabank raised their target price 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. Jefferies Financial Group lifted their price objective on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday, February 21st. BMO Capital Markets increased their target price on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Morgan Stanley reduced 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 report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and an average price target of $122.93.

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.