Duke Energy Co. (NYSE:DUK) Shares Bought by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC lifted its position in Duke Energy Co. (NYSE:DUK) by 0.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,557 shares of the utilities provider’s stock after acquiring an additional 134 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Duke Energy were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bailard Inc. grew its position in shares of Duke Energy by 10.9% in the 4th quarter. Bailard Inc. now owns 31,921 shares of the utilities provider’s stock worth $3,439,000 after acquiring an additional 3,139 shares in the last quarter. KMG Fiduciary Partners LLC lifted its holdings in shares of Duke Energy by 5.5% in the 4th quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock worth $5,613,000 after purchasing an additional 2,705 shares during the last quarter. Pines Wealth Management LLC bought a new stake in shares of Duke Energy in the 4th quarter worth approximately $1,032,000. CCM Investment Advisers LLC lifted its holdings in shares of Duke Energy by 24.3% in the 4th quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock worth $9,008,000 after purchasing an additional 16,356 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 worth $31,941,000 after purchasing an additional 9,070 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

NYSE:DUK opened at $116.78 on Friday. The company has a 50-day moving average of $111.81 and a 200-day moving average of $113.25. The firm has a market cap of $90.68 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $121.25.

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 net margin of 14.90% and a return on equity of 9.50%. Analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced 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. This represents a $4.18 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is 73.20%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DUK. BMO Capital Markets raised their price target on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Guggenheim raised their price target on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley cut 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. 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 note on Thursday, December 12th. Finally, Jefferies Financial Group lifted their target price on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.57.

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.