CWS Financial Advisors LLC lessened its holdings in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 16.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,308 shares of the utilities provider’s stock after selling 650 shares during the period. CWS Financial Advisors LLC’s holdings in Duke Energy were worth $356,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of DUK. Mirae Asset Global Investments Co. Ltd. grew its holdings in Duke Energy by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,308 shares of the utilities provider’s stock worth $5,834,000 after acquiring an additional 13,056 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of Duke Energy by 18.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 11,089 shares of the utilities provider’s stock valued at $1,279,000 after buying an additional 1,747 shares during the period. Modera Wealth Management LLC grew its holdings in shares of Duke Energy by 2.7% in 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 period. DekaBank Deutsche Girozentrale grew its holdings in shares of Duke Energy by 10.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 208,291 shares of the utilities provider’s stock valued at $24,185,000 after buying an additional 20,183 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in shares of Duke Energy by 6.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 89,685 shares of the utilities provider’s stock valued at $10,340,000 after buying an additional 5,770 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.
Duke Energy Trading Up 0.3 %
Shares of NYSE:DUK opened at $115.86 on Tuesday. The company’s 50-day moving average price is $110.27 and its two-hundred day moving average price is $113.03. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The stock has a market capitalization of $89.50 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.79 and a beta of 0.50.
Duke Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.61%. Duke Energy’s payout ratio is 73.20%.
Analyst Ratings Changes
DUK has been the subject of several research analyst reports. Jefferies Financial Group boosted their price target on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday. 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 report on Monday, February 3rd. Scotiabank boosted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley decreased their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.62.
View Our Latest Report on Duke Energy
About Duke Energy
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.
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