Segment Wealth Management LLC Purchases 115 Shares of Duke Energy Co. (NYSE:DUK)

Segment Wealth Management LLC lifted its position in Duke Energy Co. (NYSE:DUK) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,195 shares of the utilities provider’s stock after acquiring an additional 115 shares during the quarter. Segment Wealth Management LLC’s holdings in Duke Energy were worth $883,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DUK. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy during the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC purchased a new stake in Duke Energy in the third quarter worth $30,000. Winch Advisory Services LLC lifted its position in shares of Duke Energy by 332.9% during the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 243 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Duke Energy during the third quarter worth $38,000. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Duke Energy Stock Up 0.3 %

Duke Energy stock opened at $109.34 on Tuesday. The business has a fifty day moving average price of $110.47 and a 200-day moving average price of $112.05. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The stock has a market capitalization of $84.47 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.72 and a beta of 0.49. 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) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion for 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%. Duke Energy’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 research analysts forecast that Duke Energy Co. will post 5.92 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

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.