Asio Capital LLC Sells 298 Shares of Duke Energy Co. (NYSE:DUK)

Asio Capital LLC trimmed its position in Duke Energy Co. (NYSE:DUK) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,573 shares of the utilities provider’s stock after selling 298 shares during the quarter. Asio Capital LLC’s holdings in Duke Energy were worth $3,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy in the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC bought a new stake in Duke Energy in the 3rd quarter valued at $30,000. Winch Advisory Services LLC grew its position in Duke Energy by 332.9% in the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 243 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Duke Energy during the 3rd quarter worth about $38,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock valued at $39,000 after buying an additional 167 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

Duke Energy stock opened at $109.86 on Friday. The business’s fifty day moving average is $110.26 and its two-hundred day moving average is $112.21. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The firm has a market cap of $84.87 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.71 and a beta of 0.49. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the prior year, the company earned $1.94 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Duke Energy Co. will post 5.92 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.80%. Duke Energy’s payout ratio is 76.84%.

Analyst Ratings Changes

Several brokerages recently issued reports on DUK. Morgan Stanley lowered their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank raised their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Barclays boosted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

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.