Portside Wealth Group LLC Sells 128 Shares of Duke Energy Co. (NYSE:DUK)

Portside Wealth Group LLC cut its holdings in Duke Energy Co. (NYSE:DUK) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,567 shares of the utilities provider’s stock after selling 128 shares during the period. Portside Wealth Group LLC’s holdings in Duke Energy were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC increased its stake in Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. Groupama Asset Managment bought a new stake in Duke Energy in the third quarter valued at $2,537,000. Zimmer Partners LP bought a new position in Duke Energy in the third quarter worth approximately $166,263,000. Assenagon Asset Management S.A. boosted its holdings in Duke Energy by 155.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock worth $201,832,000 after acquiring an additional 1,138,979 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after acquiring an additional 1,117,526 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DUK has been the subject of a number of recent research reports. Scotiabank boosted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley dropped 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 research report on Friday, November 22nd. Finally, Barclays upped their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.23.

Duke Energy Trading Up 0.3 %

Shares of DUK stock opened at $109.34 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The company has a 50 day moving average of $110.47 and a 200-day moving average of $111.88. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The firm has a market cap of $84.47 billion, a P/E ratio of 20.10, a PEG ratio of 2.64 and a beta of 0.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.94 EPS. Sell-side analysts anticipate that Duke Energy Co. will post 5.94 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid 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 3.82%. Duke Energy’s dividend payout ratio is 76.84%.

About Duke Energy

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.