V Wealth Advisors LLC grew its stake in Duke Energy Corp (NYSE:DUK) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,151 shares of the utilities provider’s stock after acquiring an additional 352 shares during the period. V Wealth Advisors LLC’s holdings in Duke Energy were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in DUK. Intl Fcstone Inc. raised its stake in shares of Duke Energy by 4.1% during the fourth quarter. Intl Fcstone Inc. now owns 3,275 shares of the utilities provider’s stock worth $283,000 after buying an additional 128 shares during the last quarter. Community Bank & Trust Waco Texas raised its stake in shares of Duke Energy by 2.0% during the fourth quarter. Community Bank & Trust Waco Texas now owns 7,550 shares of the utilities provider’s stock worth $652,000 after buying an additional 150 shares during the last quarter. Radnor Capital Management LLC raised its stake in shares of Duke Energy by 4.2% during the fourth quarter. Radnor Capital Management LLC now owns 4,527 shares of the utilities provider’s stock worth $391,000 after buying an additional 181 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Duke Energy by 4.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,884 shares of the utilities provider’s stock worth $335,000 after buying an additional 183 shares during the last quarter. Finally, Horan Securities Inc. raised its stake in shares of Duke Energy by 13.3% during the fourth quarter. Horan Securities Inc. now owns 1,571 shares of the utilities provider’s stock worth $131,000 after buying an additional 184 shares during the last quarter. 60.33% of the stock is owned by institutional investors.
DUK has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Bank of America cut shares of Duke Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $88.00 to $87.00 in a report on Wednesday, January 9th. They noted that the move was a valuation call. Wells Fargo & Co decreased their price objective on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a report on Monday, November 5th. Finally, ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Duke Energy presently has an average rating of “Hold” and a consensus target price of $85.21.Shares of Duke Energy stock traded down $0.31 on Friday, hitting $87.51. The company had a trading volume of 4,471,941 shares, compared to its average volume of 3,163,061. The stock has a market capitalization of $62.38 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 3.63 and a beta of 0.06. Duke Energy Corp has a twelve month low of $71.96 and a twelve month high of $91.35. The company has a quick ratio of 0.46, a current ratio of 0.68 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.05). The company had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.84 billion. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. Equities analysts anticipate that Duke Energy Corp will post 4.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be issued a $0.9275 dividend. This represents a $3.71 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Thursday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 81.18%.
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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; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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