Capital Advisors Wealth Management LLC Sells 101 Shares of Duke Energy Co. (NYSE:DUK)

by · The Markets Daily

Capital Advisors Wealth Management LLC trimmed its stake in Duke Energy Co. (NYSE:DUK – Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,415 shares of the utilities provider’s stock after selling 101 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Duke Energy were worth $260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Duke Energy by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock worth $182,101,000 after acquiring an additional 240,136 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Duke Energy during the second quarter valued at about $2,147,000. Bradley Foster & Sargent Inc. CT lifted its stake in Duke Energy by 2.8% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 15,484 shares of the utilities provider’s stock worth $1,552,000 after purchasing an additional 424 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Duke Energy by 2.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 155,300 shares of the utilities provider’s stock worth $15,566,000 after purchasing an additional 4,087 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Duke Energy by 27.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 72,928 shares of the utilities provider’s stock valued at $7,023,000 after purchasing an additional 15,719 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Up 2.4 %

DUK opened at $109.05 on Friday. The firm has a market capitalization of $84.24 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.64 and a beta of 0.49. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The business has a 50 day simple moving average of $110.59 and a two-hundred day simple moving average of $111.83. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.

Duke Energy (NYSE:DUK – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. Analysts predict that Duke Energy Co. will post 5.94 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 76.84%.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on Duke Energy

About Duke Energy

(Free Report)

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.

See Also

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