AlphaMark Advisors LLC Acquires 304 Shares of Duke Energy Co. (NYSE:DUK)

AlphaMark Advisors LLC lifted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 21.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,752 shares of the utilities provider’s stock after purchasing an additional 304 shares during the quarter. AlphaMark Advisors LLC’s holdings in Duke Energy were worth $189,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DUK. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy during the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy in the third quarter worth $30,000. Winch Advisory Services LLC increased its stake in Duke Energy by 332.9% in the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 243 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Duke Energy during the third quarter valued at about $38,000. Finally, Catalyst Capital Advisors LLC boosted its position in shares of Duke Energy by 100.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Duke Energy Price Performance

Shares of NYSE DUK opened at $109.86 on Friday. The company has a market capitalization of $84.87 billion, a PE ratio of 20.20, a PEG ratio of 2.71 and a beta of 0.49. 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 stock’s 50 day moving average price is $110.26 and its 200-day moving average price is $112.21. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (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 net margin of 14.31% and a return on equity of 9.34%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 EPS. On average, equities analysts anticipate that Duke Energy Co. will post 5.92 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared 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. 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 3.80%. Duke Energy’s dividend payout ratio (DPR) 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.