Wealthcare Capital Partners LLC Takes Position in Duke Energy Co. (NYSE:DUK)

Wealthcare Capital Partners LLC acquired a new stake in Duke Energy Co. (NYSE:DUK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,748 shares of the utilities provider’s stock, valued at approximately $296,000.

Several other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of Duke Energy by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock valued at $2,016,846,000 after acquiring an additional 442,302 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the period. Swiss National Bank grew its holdings in Duke Energy by 0.3% during the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after purchasing an additional 6,500 shares during the period. Groupama Asset Managment bought a new position in Duke Energy during the third quarter worth about $2,537,000. Finally, Assenagon Asset Management S.A. grew its holdings in Duke Energy by 155.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock worth $201,832,000 after purchasing an additional 1,138,979 shares during the period. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DUK shares. BMO Capital Markets lifted their price target on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Scotiabank raised 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. Morgan Stanley cut their price objective on shares of 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. Finally, KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.08.

Duke Energy Stock Up 0.4 %

Shares of DUK opened at $115.50 on Tuesday. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The company has a market cap of $89.22 billion, a P/E ratio of 21.23, a P/E/G ratio of 2.83 and a beta of 0.50. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The firm has a 50 day simple moving average of $109.73 and a two-hundred day simple moving average of $112.79.

Duke Energy Announces Dividend

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 dividend yield of 3.62%. Duke Energy’s payout ratio is presently 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.