WealthPLAN Partners LLC lifted its stake in Duke Energy Corp (NYSE:DUK) by 22.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,688 shares of the utilities provider’s stock after buying an additional 1,598 shares during the quarter. WealthPLAN Partners LLC’s holdings in Duke Energy were worth $731,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in DUK. Truewealth LLC purchased a new position in shares of Duke Energy in the fourth quarter worth $102,000. Nelson Roberts Investment Advisors LLC purchased a new stake in Duke Energy during the third quarter valued at $112,000. Shamrock Asset Management LLC purchased a new stake in Duke Energy during the fourth quarter valued at $115,000. Global Trust Asset Management LLC purchased a new stake in Duke Energy during the fourth quarter valued at $115,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in Duke Energy during the third quarter valued at $131,000. 56.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Duke Energy stock opened at $76.18 on Thursday. Duke Energy Corp has a 12 month low of $72.93 and a 12 month high of $91.80. The firm has a market cap of $53,508.08, a price-to-earnings ratio of 17.47, a PEG ratio of 4.40 and a beta of 0.15. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.03. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts expect that Duke Energy Corp will post 4.7 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 16th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Thursday, February 15th. Duke Energy’s dividend payout ratio is currently 81.65%.
A number of equities research analysts recently issued reports on the stock. SunTrust Banks set a $82.00 price target on shares of Duke Energy and gave the company a “hold” rating in a research note on Monday. Morgan Stanley reaffirmed an “equal weight” rating and set a $83.00 price target (down previously from $85.00) on shares of Duke Energy in a research note on Thursday, March 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $90.00 price target on shares of Duke Energy in a research note on Wednesday, March 14th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, UBS assumed coverage on shares of Duke Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $91.00 price target on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $86.53.
In other news, COO Dhiaa M. Jamil sold 500 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total value of $44,540.00. Following the transaction, the chief operating officer now directly owns 34,115 shares in the company, valued at $3,038,964.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.07% of the company’s stock.
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Duke Energy Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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