Duke Energy Co. (NYSE:DUK) Shares Bought by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. lifted its position in Duke Energy Co. (NYSE:DUK) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,676 shares of the utilities provider’s stock after buying an additional 108 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Duke Energy were worth $288,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Groupama Asset Managment acquired a new stake in shares of Duke Energy during the third quarter worth about $2,537,000. Zimmer Partners LP acquired a new stake in Duke Energy during the 3rd quarter worth approximately $166,263,000. Assenagon Asset Management S.A. boosted its position in 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. Capital Wealth Planning LLC increased its position in shares of Duke Energy by 116.5% during the fourth quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider’s stock worth $222,520,000 after acquiring an additional 1,111,581 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Duke Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock valued at $7,852,731,000 after acquiring an additional 779,054 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Up 2.2 %

Shares of Duke Energy stock opened at $122.07 on Tuesday. The company has a market cap of $94.85 billion, a P/E ratio of 21.38, a PEG ratio of 2.79 and a beta of 0.48. The firm has a fifty day moving average of $115.42 and a two-hundred day moving average of $113.73. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. Duke Energy Co. has a one year low of $92.75 and a one year high of $122.50.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating 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%. On average, analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is currently 73.20%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Scotiabank boosted their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Guggenheim boosted their price objective on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Jefferies Financial Group raised their target price on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday, February 21st. Morgan Stanley boosted their price target on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Finally, BMO Capital Markets raised their price objective 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. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.87.

Duke Energy Company 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.