Angeles Wealth Management LLC Takes Position in Duke Energy Co. (NYSE:DUK)

Angeles Wealth Management LLC bought a new stake in Duke Energy Co. (NYSE:DUK) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,964 shares of the utilities provider’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Pathway Financial Advisers LLC raised its holdings in Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after acquiring an additional 6,719,398 shares during the period. Groupama Asset Managment bought a new position in Duke Energy in the 3rd quarter valued at about $2,537,000. Zimmer Partners LP bought a new position in Duke Energy in the 3rd quarter valued at about $166,263,000. Assenagon Asset Management S.A. raised its holdings in Duke Energy by 155.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock valued at $201,832,000 after acquiring an additional 1,138,979 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after acquiring an additional 1,117,526 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

NYSE DUK opened at $115.50 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $89.22 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 2.83 and a beta of 0.50. The firm’s 50 day simple moving average is $109.73 and its 200 day simple moving average is $112.79. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given 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 yield of 3.62%. Duke Energy’s dividend payout ratio is currently 76.84%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley lowered their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank increased their target price on shares of 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 lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Mizuho upgraded shares of 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 research report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $122.08.

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.