Angeles Wealth Management LLC Buys Shares of 1,964 Duke Energy Co. (NYSE:DUK)

Angeles Wealth Management LLC bought a new stake in shares of Duke Energy Co. (NYSE:DUK) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,964 shares of the utilities provider’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DUK. Pathway Financial Advisers LLC raised its position in shares of Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after acquiring an additional 6,719,398 shares during the last quarter. Groupama Asset Managment acquired a new position in shares of Duke Energy in the 3rd quarter valued at $2,537,000. Zimmer Partners LP acquired a new position in shares of Duke Energy in the 3rd quarter valued at $166,263,000. Assenagon Asset Management S.A. grew its holdings in shares of Duke Energy by 155.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock valued at $201,832,000 after buying an additional 1,138,979 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after buying an additional 1,117,526 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 0.4 %

Duke Energy stock opened at $115.50 on Tuesday. The firm has a 50-day moving average of $109.73 and a 200-day moving average of $112.79. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The company has a market cap of $89.22 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 2.83 and a beta of 0.50.

Duke Energy Dividend Announcement

The firm 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. 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 3.62%. Duke Energy’s dividend payout ratio is 76.84%.

Analysts Set New Price Targets

DUK has been the subject of several research analyst reports. 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. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Morgan Stanley reduced their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, BMO Capital Markets upped their target price on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $122.08.

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.