2,546 Shares in Duke Energy Co. (NYSE:DUK) Bought by Partners Wealth Management LLC

Partners Wealth Management LLC acquired a new stake in Duke Energy Co. (NYSE:DUK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,546 shares of the utilities provider’s stock, valued at approximately $274,000.

Several other large investors have also recently made changes to their positions in DUK. Dakota Wealth Management raised its position in Duke Energy by 8.2% in the third quarter. Dakota Wealth Management now owns 23,418 shares of the utilities provider’s stock worth $2,700,000 after acquiring an additional 1,781 shares during the period. Ballentine Partners LLC increased its stake in shares of Duke Energy by 6.2% during the 3rd quarter. Ballentine Partners LLC now owns 8,790 shares of the utilities provider’s stock worth $1,013,000 after purchasing an additional 516 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Duke Energy by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,308 shares of the utilities provider’s stock valued at $5,834,000 after purchasing an additional 13,056 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in Duke Energy by 18.7% during the third quarter. Arkadios Wealth Advisors now owns 11,089 shares of the utilities provider’s stock valued at $1,279,000 after purchasing an additional 1,747 shares during the period. Finally, Modera Wealth Management LLC lifted its position in shares of Duke Energy by 2.7% during the 3rd quarter. Modera Wealth Management LLC now owns 22,246 shares of the utilities provider’s stock valued at $2,565,000 after buying an additional 593 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Up 2.1 %

Shares of DUK opened at $115.58 on Monday. The firm has a market cap of $89.28 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.79 and a beta of 0.50. The firm has a 50 day moving average price of $110.10 and a 200-day moving average price of $113.00. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. As a group, equities research analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

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 dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 73.20%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. BMO Capital Markets boosted their price target on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Jefferies Financial Group raised their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday. Finally, Scotiabank lifted their price objective 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. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.62.

Duke Energy Company 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.