Pacific Wealth Strategies Group Inc. trimmed its position in shares of Duke Energy Co. (NYSE:DUK) by 63.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,063 shares of the utilities provider’s stock after selling 6,936 shares during the period. Pacific Wealth Strategies Group Inc.’s holdings in Duke Energy were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Sound View Wealth Advisors Group LLC raised its holdings in shares of Duke Energy by 0.7% during the third quarter. Sound View Wealth Advisors Group LLC now owns 16,082 shares of the utilities provider’s stock worth $1,424,000 after acquiring an additional 109 shares in the last quarter. Hanson & Doremus Investment Management raised its holdings in shares of Duke Energy by 0.4% during the third quarter. Hanson & Doremus Investment Management now owns 27,743 shares of the utilities provider’s stock worth $2,457,000 after acquiring an additional 111 shares in the last quarter. TCI Wealth Advisors Inc. raised its holdings in shares of Duke Energy by 12.2% during the third quarter. TCI Wealth Advisors Inc. now owns 1,092 shares of the utilities provider’s stock worth $97,000 after acquiring an additional 119 shares in the last quarter. CX Institutional raised its holdings in shares of Duke Energy by 10.1% during the fourth quarter. CX Institutional now owns 1,314 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 120 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its holdings in shares of Duke Energy by 3.5% during the third quarter. Guyasuta Investment Advisors Inc. now owns 3,580 shares of the utilities provider’s stock worth $317,000 after acquiring an additional 121 shares in the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.
In related news, COO Dhiaa M. Jamil sold 3,500 shares of Duke Energy stock in a transaction dated Friday, November 20th. The stock was sold at an average price of $92.63, for a total transaction of $324,205.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by company insiders.
Several equities analysts have weighed in on the company. Barclays raised their target price on Duke Energy from $87.00 to $102.00 and gave the company an “equal weight” rating in a report on Wednesday, November 18th. BidaskClub upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Wednesday, December 16th. Morgan Stanley cut their target price on Duke Energy from $101.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 15th. Scotiabank lowered Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 target price on the stock. in a report on Thursday, October 1st. Finally, BMO Capital Markets assumed coverage on Duke Energy in a report on Tuesday, November 24th. They set an “outperform” rating and a $99.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $96.42.
Shares of Duke Energy stock traded up $2.63 during trading on Wednesday, reaching $91.56. The company’s stock had a trading volume of 3,583,904 shares, compared to its average volume of 2,804,931. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.33 and a current ratio of 0.52. The business’s fifty day moving average price is $91.21 and its 200-day moving average price is $87.48. The firm has a market cap of $67.38 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 4.87 and a beta of 0.22. Duke Energy Co. has a one year low of $62.13 and a one year high of $103.79.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.08. Duke Energy had a return on equity of 8.28% and a net margin of 8.68%. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $7.34 billion. During the same period in the previous year, the company posted $1.79 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts anticipate that Duke Energy Co. will post 5.08 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 16th. Investors of record on Friday, February 12th will be given a dividend of $0.965 per share. This represents a $3.86 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, February 11th. Duke Energy’s dividend payout ratio (DPR) is presently 76.28%.
Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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