Duke Energy Co. (NYSE:DUK) Shares Acquired by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. increased its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,277 shares of the utilities provider’s stock after buying an additional 2,933 shares during the period. FAS Wealth Partners Inc.’s holdings in Duke Energy were worth $2,744,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sugarloaf Wealth Management LLC raised its position in shares of Duke Energy by 13.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after buying an additional 344 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in shares of Duke Energy by 28.6% in the 3rd quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 894 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Duke Energy by 4.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after purchasing an additional 1,122 shares in the last quarter. Wagner Wealth Management LLC raised its holdings in shares of Duke Energy by 3.4% in the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock worth $1,691,000 after purchasing an additional 576 shares in the last quarter. Finally, Adviser Investments LLC bought a new stake in shares of Duke Energy in the 3rd quarter worth approximately $304,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Duke Energy Stock Performance

Shares of NYSE:DUK traded down $0.64 on Monday, hitting $96.07. The company had a trading volume of 1,601,553 shares, compared to its average volume of 3,128,766. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39. The stock has a market cap of $74.11 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 2.58 and a beta of 0.46. The stock has a 50 day moving average price of $94.05 and a 200 day moving average price of $92.96. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50.

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

Duke Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on DUK

About Duke Energy

(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.

Featured Stories

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUKFree Report).

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.