Mutual Advisors LLC Sells 510 Shares of Duke Energy Co. (NYSE:DUK)

Mutual Advisors LLC lessened its position in Duke Energy Co. (NYSE:DUK) by 2.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,034 shares of the utilities provider’s stock after selling 510 shares during the quarter. Mutual Advisors LLC’s holdings in Duke Energy were worth $2,294,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Wendell David Associates Inc. raised its holdings in Duke Energy by 2.0% in the 4th quarter. Wendell David Associates Inc. now owns 5,240 shares of the utilities provider’s stock valued at $565,000 after buying an additional 101 shares during the last quarter. Phillips Wealth Planners LLC raised its stake in shares of Duke Energy by 5.0% during the fourth quarter. Phillips Wealth Planners LLC now owns 5,597 shares of the utilities provider’s stock valued at $593,000 after acquiring an additional 267 shares during the last quarter. Daymark Wealth Partners LLC lifted its holdings in shares of Duke Energy by 0.5% during the fourth quarter. Daymark Wealth Partners LLC now owns 38,948 shares of the utilities provider’s stock worth $4,196,000 after purchasing an additional 188 shares during the period. Albion Financial Group UT grew its stake in shares of Duke Energy by 18.8% in the fourth quarter. Albion Financial Group UT now owns 8,369 shares of the utilities provider’s stock worth $902,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Missouri Trust & Investment Co raised its position in shares of Duke Energy by 10.3% during the fourth quarter. Missouri Trust & Investment Co now owns 1,071 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 100 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on DUK. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $116.00 to $121.00 in a research report 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. Scotiabank boosted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley lowered their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Barclays upped their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.23.

Duke Energy Trading Up 0.5 %

NYSE DUK opened at $109.37 on Friday. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The business has a 50 day moving average price of $110.33 and a 200-day moving average price of $112.17. 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 market cap of $84.48 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.76 and a beta of 0.49.

Duke Energy (NYSE:DUK) last released 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 business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 EPS. As a group, equities analysts expect that Duke Energy Co. will post 5.92 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Duke Energy Profile

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.