Retirement Guys Formula LLC Has $840,000 Holdings in Duke Energy Co. (NYSE:DUK)

Retirement Guys Formula LLC grew its position in shares of Duke Energy Co. (NYSE:DUK) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,794 shares of the utilities provider’s stock after buying an additional 741 shares during the quarter. Retirement Guys Formula LLC’s holdings in Duke Energy were worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DUK. PBMares Wealth Management LLC increased its position in Duke Energy by 1.8% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after buying an additional 86 shares during the period. Castleview Partners LLC boosted its stake in Duke Energy by 4.9% in the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after buying an additional 90 shares in the last quarter. Kanawha Capital Management LLC boosted its stake in Duke Energy by 1.4% in the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 92 shares in the last quarter. Baron Wealth Management LLC boosted its stake in Duke Energy by 3.5% in the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 92 shares in the last quarter. Finally, Chicago Capital LLC boosted its stake in Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after purchasing an additional 93 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Scotiabank boosted their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their price objective on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Morgan Stanley reduced their price objective on 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, Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy Price Performance

Duke Energy stock opened at $116.70 on Wednesday. The business’s 50 day simple moving average is $109.74 and its 200 day simple moving average is $112.85. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a market cap of $90.15 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.83 and a beta of 0.50.

Duke Energy Announces Dividend

The company 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. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.58%. 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.