Duke Energy Co. (NYSE:DUK) Shares Acquired by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. increased its position in shares of Duke Energy Co. (NYSE:DUK) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,676 shares of the utilities provider’s stock after purchasing an additional 108 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Duke Energy were worth $288,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of DUK. Vanguard Group Inc. boosted its position in shares of Duke Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock worth $7,852,731,000 after buying an additional 779,054 shares in the last quarter. Geode Capital Management LLC raised its position in Duke Energy by 2.6% during the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after acquiring an additional 442,302 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Duke Energy by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider’s stock valued at $922,529,000 after purchasing an additional 135,665 shares in the last quarter. Amundi grew its position in shares of Duke Energy by 29.2% in the fourth quarter. Amundi now owns 2,488,849 shares of the utilities provider’s stock valued at $269,368,000 after purchasing an additional 561,784 shares during the last quarter. Finally, Groupama Asset Managment acquired a new position in shares of Duke Energy during the 3rd quarter worth approximately $2,537,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of analyst reports. Morgan Stanley increased their target price on Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Guggenheim raised their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Scotiabank boosted 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 report on Thursday, December 12th. Finally, UBS Group raised their target price on shares of Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.87.

Duke Energy Stock Up 2.2 %

Shares of NYSE DUK opened at $122.07 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $94.85 billion, a PE ratio of 21.38, a P/E/G ratio of 2.79 and a beta of 0.48. The firm has a fifty day moving average of $115.42 and a 200-day moving average of $113.73. Duke Energy Co. has a 52-week low of $92.75 and a 52-week high of $122.50.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. On average, analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were given a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.42%. Duke Energy’s dividend payout ratio (DPR) is 73.20%.

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.