Duke Energy Co. (NYSE:DUK) Position Increased by Red Door Wealth Management LLC

Red Door Wealth Management LLC lifted its holdings in Duke Energy Co. (NYSE:DUK) by 8.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,309 shares of the utilities provider’s stock after buying an additional 3,250 shares during the quarter. Red Door Wealth Management LLC’s holdings in Duke Energy were worth $4,666,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Beacon Investment Advisory Services Inc. boosted its stake in Duke Energy by 5.1% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 47,517 shares of the utilities provider’s stock valued at $5,119,000 after acquiring an additional 2,285 shares during the period. Wendell David Associates Inc. lifted its holdings in shares of Duke Energy by 2.0% in the 4th quarter. Wendell David Associates Inc. now owns 5,240 shares of the utilities provider’s stock worth $565,000 after purchasing an additional 101 shares during the last quarter. Phillips Wealth Planners LLC grew its stake in Duke Energy by 5.0% during the 4th quarter. Phillips Wealth Planners LLC now owns 5,597 shares of the utilities provider’s stock worth $593,000 after buying an additional 267 shares during the last quarter. Daymark Wealth Partners LLC increased its position in Duke Energy by 0.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 38,948 shares of the utilities provider’s stock worth $4,196,000 after buying an additional 188 shares during the period. Finally, Albion Financial Group UT lifted its stake in Duke Energy by 18.8% in the fourth quarter. Albion Financial Group UT now owns 8,369 shares of the utilities provider’s stock valued at $902,000 after buying an additional 1,323 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUK has been the topic of a number of analyst reports. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Scotiabank lifted their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, Barclays increased 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. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Price Performance

NYSE:DUK opened at $109.37 on Friday. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. 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 firm has a market cap of $84.48 billion, a P/E ratio of 20.10, a PEG ratio of 2.76 and a beta of 0.49. The business’s 50-day moving average price is $110.33 and its 200 day moving average price is $112.17.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 earnings per share. As a group, sell-side analysts predict that Duke Energy Co. will post 5.92 earnings per share 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. Investors 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 3.82%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is 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.