Flagship Wealth Advisors LLC acquired a new position in shares of Duke Energy Co. (NYSE:DUK – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm acquired 563 shares of the utilities provider’s stock, valued at approximately $61,000.
Several other hedge funds have also recently bought and sold shares of DUK. Parkworth Wealth Management Inc. acquired a new stake in Duke Energy during the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy in the third quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. raised its position in shares of Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after buying an additional 270 shares in the last quarter. Finally, CGC Financial Services LLC raised its position in shares of Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after buying an additional 242 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Stock Performance
NYSE DUK opened at $120.88 on Tuesday. The firm’s fifty day moving average price is $113.15 and its two-hundred day moving average price is $113.52. The stock has a market cap of $93.86 billion, a PE ratio of 21.17, a PEG ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a fifty-two week low of $92.75 and a fifty-two week high of $121.47. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.
Duke Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 14th were paid a $1.045 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.46%. Duke Energy’s dividend payout ratio is 73.20%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on DUK. Guggenheim lifted their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley dropped their price target on shares of 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. Jefferies Financial Group boosted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, BMO Capital Markets boosted their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.93.
Read Our Latest Research Report on DUK
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.
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