Good Life Advisors LLC Sells 1,112 Shares of Duke Energy Co. (NYSE:DUK)

Good Life Advisors LLC lowered its position in Duke Energy Co. (NYSE:DUK) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,708 shares of the utilities provider’s stock after selling 1,112 shares during the period. Good Life Advisors LLC’s holdings in Duke Energy were worth $2,016,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy in the third quarter worth $29,000. Northwest Investment Counselors LLC purchased a new position in Duke Energy during the third quarter valued at $30,000. Sierra Ocean LLC purchased a new position in Duke Energy during the fourth quarter valued at $31,000. CGC Financial Services LLC lifted its position in 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 purchasing an additional 242 shares in the last quarter. Finally, Winch Advisory Services LLC lifted its position in Duke Energy by 332.9% during the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 243 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.7 %

Duke Energy stock opened at $110.85 on Wednesday. The business has a fifty day moving average of $109.84 and a two-hundred day moving average of $112.98. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The firm has a market cap of $85.63 billion, a P/E ratio of 19.41, a P/E/G ratio of 2.75 and a beta of 0.50. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25.

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

Duke Energy Announces Dividend

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 issued a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.77%. Duke Energy’s dividend payout ratio is presently 73.20%.

Wall Street Analyst Weigh In

DUK has been the topic of several analyst reports. Scotiabank lifted their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley lowered their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, BMO Capital Markets boosted their price objective on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.08.

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.