Avidian Wealth Enterprises LLC Has $383,000 Holdings in Duke Energy Co. (NYSE:DUK)

Avidian Wealth Enterprises LLC raised its position in shares of Duke Energy Co. (NYSE:DUK) by 70.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,553 shares of the utilities provider’s stock after purchasing an additional 1,469 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Duke Energy were worth $383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in Duke Energy during the 3rd quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy during the 3rd quarter valued at approximately $30,000. CGC Financial Services LLC boosted its holdings in shares of Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after buying an additional 242 shares in the last quarter. Winch Advisory Services LLC boosted its holdings in shares of Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after buying an additional 243 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of Duke Energy during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DUK. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Scotiabank increased their price target on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. BMO Capital Markets increased their price target on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, Morgan Stanley cut their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $122.08.

Duke Energy Price Performance

Shares of DUK opened at $113.89 on Friday. The stock has a market cap of $87.98 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.83 and a beta of 0.50. The business’s fifty day moving average is $109.86 and its 200 day moving average is $112.93. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Sell-side analysts anticipate that Duke Energy Co. will post 5.91 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. Investors of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is currently 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.