Sugarloaf Wealth Management LLC cut its holdings in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,712 shares of the utilities provider’s stock after selling 132 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Duke Energy were worth $184,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy in the third quarter valued at $29,000. Northwest Investment Counselors LLC bought a new stake in Duke Energy during the 3rd quarter worth about $30,000. Reston Wealth Management LLC acquired a new stake in Duke Energy in the 3rd quarter valued at about $38,000. Catalyst Capital Advisors LLC raised its stake in shares of Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 167 shares during the last quarter. Finally, Carolina Wealth Advisors LLC lifted its position in shares of Duke Energy by 82.7% during the third quarter. Carolina Wealth Advisors LLC now owns 360 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 163 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.
Duke Energy Trading Down 1.8 %
Shares of NYSE DUK traded down $1.98 during midday trading on Friday, reaching $106.25. 1,556,543 shares of the stock were exchanged, compared to its average volume of 2,860,974. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. 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 simple moving average of $111.14 and a two-hundred day simple moving average of $111.59. The company has a market capitalization of $82.08 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 2.90 and a beta of 0.49.
Duke Energy Announces Dividend
The business also recently declared 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 annualized dividend and a dividend yield of 3.93%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on DUK shares. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. BMO Capital Markets raised their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Jefferies Financial Group assumed coverage on Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Barclays increased their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $122.23.
Check Out Our Latest Research Report on DUK
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.
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