Wealthcare Advisory Partners LLC Has $1.57 Million Holdings in Duke Energy Co. (NYSE:DUK)

Wealthcare Advisory Partners LLC reduced its position in Duke Energy Co. (NYSE:DUK) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,571 shares of the utilities provider’s stock after selling 412 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Duke Energy were worth $1,570,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. PBMares Wealth Management LLC lifted its stake in Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after acquiring an additional 86 shares during the period. Castleview Partners LLC raised its holdings in Duke Energy by 4.9% in the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 90 shares in the last quarter. Kanawha Capital Management LLC lifted its position in shares of Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 92 shares during the period. Baron Wealth Management LLC boosted its stake in shares of Duke Energy by 3.5% during the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 92 shares in the last quarter. Finally, Chicago Capital LLC increased its position in shares of Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Barclays upped their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Morgan Stanley lowered their price objective 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. Scotiabank increased their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Stock Up 0.3 %

Duke Energy stock opened at $109.34 on Friday. The firm has a market cap of $84.47 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.64 and a beta of 0.49. 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 Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The stock has a fifty day simple moving average of $110.47 and a two-hundred day simple moving average of $111.88.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the company posted $1.94 EPS. Duke Energy’s revenue was up 2.1% on a year-over-year basis. Equities analysts predict that Duke Energy Co. will post 5.94 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.82%. Duke Energy’s dividend payout ratio is presently 76.84%.

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.