LVW Advisors LLC Has $2.02 Million Stock Position in Duke Energy Co. (NYSE:DUK)

LVW Advisors LLC grew its holdings in Duke Energy Co. (NYSE:DUK) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,708 shares of the utilities provider’s stock after purchasing an additional 754 shares during the quarter. LVW Advisors LLC’s holdings in Duke Energy were worth $2,016,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy during the third quarter worth $29,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the 3rd quarter valued at about $30,000. Winch Advisory Services LLC grew its position in shares of Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after buying an additional 243 shares during the period. Reston Wealth Management LLC bought a new stake in shares of Duke Energy during the third quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC boosted its stake in Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DUK. Barclays raised their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley decreased their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, Scotiabank lifted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Six 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Stock Performance

DUK opened at $109.34 on Monday. 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 capitalization of $84.47 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.64 and a beta of 0.49. The business’s 50-day moving average price is $110.47 and its two-hundred day moving average price is $111.97. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 EPS. Equities analysts expect that Duke Energy Co. will post 5.94 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.82%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

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.