Stockman Wealth Management Inc. Buys 482 Shares of Duke Energy Co. (NYSE:DUK)

Stockman Wealth Management Inc. boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,433 shares of the utilities provider’s stock after buying an additional 482 shares during the period. Stockman Wealth Management Inc.’s holdings in Duke Energy were worth $693,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC lifted its stake in Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the last quarter. Groupama Asset Managment bought a new stake in Duke Energy during the third quarter worth about $2,537,000. Zimmer Partners LP bought a new stake in Duke Energy during the third quarter worth about $166,263,000. Assenagon Asset Management S.A. increased its holdings in shares of 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 buying an additional 1,138,979 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of 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 buying an additional 1,117,526 shares during the period. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Morgan Stanley cut their price objective on 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. Scotiabank lifted their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets boosted their price target on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.08.

Duke Energy Trading Up 0.4 %

Shares of DUK stock opened at $115.01 on Friday. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. 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 capitalization of $88.85 billion, a PE ratio of 21.14, a PEG ratio of 2.83 and a beta of 0.50. The stock has a fifty day simple moving average of $109.73 and a two-hundred day simple moving average of $112.72.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (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 business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter in the previous year, the company posted $1.94 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Duke Energy Co. will post 5.91 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.63%. The ex-dividend date 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.