Duke Energy Co. (NYSE:DUK) Shares Purchased by Evermay Wealth Management LLC

Evermay Wealth Management LLC increased its holdings in Duke Energy Co. (NYSE:DUK) by 9.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,919 shares of the utilities provider’s stock after purchasing an additional 1,047 shares during the quarter. Evermay Wealth Management LLC’s holdings in Duke Energy were worth $1,284,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. KMG Fiduciary Partners LLC lifted its position in shares of Duke Energy by 5.5% in the fourth quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock valued at $5,613,000 after acquiring an additional 2,705 shares in the last quarter. CCM Investment Advisers LLC lifted its holdings in Duke Energy by 24.3% in the fourth quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock valued at $9,008,000 after acquiring an additional 16,356 shares during the last quarter. Pines Wealth Management LLC acquired a new position in Duke Energy in the fourth quarter valued at about $1,032,000. Fifth Third Bancorp boosted its position in shares of Duke Energy by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock worth $31,941,000 after purchasing an additional 9,070 shares during the period. Finally, Corundum Group Inc. acquired a new stake in shares of Duke Energy in the fourth quarter valued at $1,566,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley cut their target price 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. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Finally, Scotiabank lifted their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Trading Down 0.1 %

NYSE:DUK opened at $112.14 on Friday. 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 company has a market capitalization of $86.62 billion, a PE ratio of 20.61, a P/E/G ratio of 2.73 and a beta of 0.49. The stock’s 50 day moving average price is $110.03 and its 200 day moving average price is $112.49. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data 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 return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the previous year, the business posted $1.94 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts anticipate that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is currently 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.