Jamison Private Wealth Management Inc. Acquires 1,359 Shares of Duke Energy Co. (NYSE:DUK)

Jamison Private Wealth Management Inc. lifted its stake in Duke Energy Co. (NYSE:DUK) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,352 shares of the utilities provider’s stock after buying an additional 1,359 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Duke Energy were worth $5,317,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Precedent Wealth Partners LLC boosted its holdings in shares of Duke Energy by 1.5% during the 4th quarter. Precedent Wealth Partners LLC now owns 10,028 shares of the utilities provider’s stock valued at $1,080,000 after purchasing an additional 144 shares during the last quarter. AlphaMark Advisors LLC increased its stake in Duke Energy by 21.0% in the 4th quarter. AlphaMark Advisors LLC now owns 1,752 shares of the utilities provider’s stock worth $189,000 after acquiring an additional 304 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of Duke Energy by 5.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 4,256 shares of the utilities provider’s stock valued at $459,000 after acquiring an additional 229 shares during the last quarter. Lantz Financial LLC increased its position in Duke Energy by 1.8% in the fourth quarter. Lantz Financial LLC now owns 6,011 shares of the utilities provider’s stock worth $648,000 after purchasing an additional 106 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Duke Energy by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock valued at $31,941,000 after acquiring an additional 9,070 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on DUK shares. Morgan Stanley decreased their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Barclays increased their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Scotiabank boosted 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. Finally, KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.23.

Duke Energy Price Performance

DUK opened at $109.86 on Friday. The company has a market capitalization of $84.87 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.71 and a beta of 0.49. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The business’s fifty day simple moving average is $110.26 and its 200-day simple moving average is $112.21.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Duke Energy Co. will post 5.92 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 dividend on an annualized basis and a yield of 3.80%. Duke Energy’s dividend payout ratio is currently 76.84%.

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.