Clearwater Capital Advisors LLC Sells 113 Shares of Duke Energy Co. (NYSE:DUK)

Clearwater Capital Advisors LLC lessened its stake in shares of Duke Energy Co. (NYSE:DUKFree Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,884 shares of the utilities provider’s stock after selling 113 shares during the period. Clearwater Capital Advisors LLC’s holdings in Duke Energy were worth $526,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Parkworth Wealth Management Inc. purchased a new position in shares of Duke Energy in the 4th quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in Duke Energy in the third quarter worth about $29,000. Sierra Ocean LLC bought a new position in shares of Duke Energy in the fourth quarter worth approximately $31,000. Rakuten Securities Inc. grew its holdings in shares of Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after buying an additional 270 shares during the last quarter. Finally, CGC Financial Services LLC increased its position in shares of Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 1.8 %

Duke Energy stock opened at $120.29 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a 12-month low of $92.75 and a 12-month high of $121.25. The firm has a market capitalization of $93.40 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.79 and a beta of 0.48. The firm has a 50 day moving average of $112.86 and a 200 day moving average of $113.46.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping 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, research analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.48%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is currently 73.20%.

Analyst Ratings Changes

Several analysts have commented on DUK shares. JPMorgan Chase & Co. increased their target price on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Jefferies Financial Group boosted their target price on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. BMO Capital Markets raised their price target on shares of Duke Energy from $123.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. Guggenheim boosted their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Morgan Stanley dropped their target price on shares of 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.93.

View Our Latest Research Report on Duke Energy

Duke Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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