332 Shares in Duke Energy Co. (NYSE:DUK) Bought by Centricity Wealth Management LLC

Centricity Wealth Management LLC acquired a new stake in shares of Duke Energy Co. (NYSE:DUK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 332 shares of the utilities provider’s stock, valued at approximately $36,000.

Other institutional investors have also added to or reduced their stakes in the company. PBMares Wealth Management LLC raised its stake in Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after buying an additional 86 shares in the last quarter. Kanawha Capital Management LLC raised its position in shares of Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after acquiring an additional 92 shares in the last quarter. Baron Wealth Management LLC boosted its position in shares of Duke Energy by 3.5% during the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 92 shares in the last quarter. Private Wealth Partners LLC grew its stake in Duke Energy by 0.6% in the third quarter. Private Wealth Partners LLC now owns 15,982 shares of the utilities provider’s stock worth $1,843,000 after purchasing an additional 93 shares during the period. Finally, Clear Creek Financial Management LLC raised its holdings in Duke Energy by 4.0% in the third quarter. Clear Creek Financial Management LLC now owns 2,416 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 93 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DUK shares. Scotiabank upped their target price 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. BMO Capital Markets upped their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Morgan Stanley lowered 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 report on Friday, November 22nd. Finally, Jefferies Financial Group upped their price target on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.62.

Duke Energy Stock Up 2.1 %

DUK stock opened at $115.58 on Friday. The stock has a market capitalization of $89.28 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.76 and a beta of 0.50. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The business has a fifty day moving average price of $110.10 and a 200-day moving average price of $113.00.

Duke Energy (NYSE:DUK) last issued 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%. Equities analysts forecast that Duke Energy Co. will post 6.33 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. Investors of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 73.20%.

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.