WealthShield Partners LLC Sells 315 Shares of Duke Energy Co. (NYSE:DUK)

WealthShield Partners LLC decreased its stake in shares of Duke Energy Co. (NYSE:DUKFree Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,807 shares of the utilities provider’s stock after selling 315 shares during the period. WealthShield Partners LLC’s holdings in Duke Energy were worth $1,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CKW Financial Group bought a new position in shares of Duke Energy during the 3rd quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new stake in Duke Energy in the 1st quarter valued at $28,000. FSC Wealth Advisors LLC acquired a new position in shares of Duke Energy during the 3rd quarter worth about $29,000. Fairfield Bush & CO. bought a new position in shares of Duke Energy in the 1st quarter valued at about $40,000. Finally, Compass Wealth Management LLC bought a new position in shares of Duke Energy in the 4th quarter valued at about $41,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on DUK. BMO Capital Markets lowered their price target on Duke Energy from $101.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $108.00 in a research report on Tuesday, January 23rd. KeyCorp upped their target price on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Wells Fargo & Company cut their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Finally, Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

View Our Latest Research Report on DUK

Duke Energy Price Performance

Shares of NYSE DUK traded down $0.46 during midday trading on Wednesday, reaching $96.08. The company’s stock had a trading volume of 1,400,539 shares, compared to its average volume of 3,087,483. The company has a market cap of $74.12 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.57 and a beta of 0.46. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.39. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. The business’s 50 day moving average price is $94.09 and its two-hundred day moving average price is $92.98.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same period last year, the business earned $1.11 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. On average, analysts forecast that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, February 16th were paid a $1.025 dividend. This represents a $4.10 annualized dividend and a yield of 4.27%. The ex-dividend date was Thursday, February 15th. Duke Energy’s payout ratio is 115.49%.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at approximately $1,315,697.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Duke Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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