Duke Energy Co. (NYSE:DUK) Shares Sold by Allen Wealth Management LLC

Allen Wealth Management LLC cut its stake in shares of Duke Energy Co. (NYSE:DUK) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,493 shares of the utilities provider’s stock after selling 800 shares during the quarter. Duke Energy accounts for approximately 0.9% of Allen Wealth Management LLC’s holdings, making the stock its 25th biggest position. Allen Wealth Management LLC’s holdings in Duke Energy were worth $1,238,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arete Wealth Advisors LLC boosted its holdings in shares of Duke Energy by 57.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 8,519 shares of the utilities provider’s stock valued at $917,000 after acquiring an additional 3,106 shares in the last quarter. World Investment Advisors lifted its holdings in shares of Duke Energy by 121.6% in the 4th quarter. World Investment Advisors now owns 19,713 shares of the utilities provider’s stock valued at $2,124,000 after buying an additional 10,816 shares during the period. SevenBridge Financial Group LLC boosted its stake in shares of Duke Energy by 51.8% in the fourth quarter. SevenBridge Financial Group LLC now owns 22,883 shares of the utilities provider’s stock valued at $2,670,000 after buying an additional 7,805 shares in the last quarter. OneAscent Financial Services LLC grew its holdings in Duke Energy by 25.5% during the fourth quarter. OneAscent Financial Services LLC now owns 7,718 shares of the utilities provider’s stock worth $832,000 after acquiring an additional 1,566 shares during the period. Finally, Cinctive Capital Management LP raised its position in Duke Energy by 178.3% in the fourth quarter. Cinctive Capital Management LP now owns 319,628 shares of the utilities provider’s stock worth $34,437,000 after acquiring an additional 204,764 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Trading Down 0.5 %

Shares of DUK stock opened at $120.44 on Thursday. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $122.50. The company has a market capitalization of $93.58 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.79 and a beta of 0.48. The firm has a 50-day moving average price of $115.86 and a 200 day moving average price of $113.80. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52.

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

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 14th were given a dividend of $1.045 per share. The ex-dividend date was Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.47%. Duke Energy’s dividend payout ratio (DPR) is presently 73.20%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DUK. Guggenheim upped 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. Morgan Stanley increased their target price on shares of Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. UBS Group boosted their price target on Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Scotiabank raised their price objective on 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, JPMorgan Chase & Co. boosted their target price on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.87.

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.