Accel Wealth Management Has $330,000 Stock Position in Duke Energy Co. (NYSE:DUK)

Accel Wealth Management lessened its stake in shares of Duke Energy Co. (NYSE:DUK) by 19.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,060 shares of the utilities provider’s stock after selling 722 shares during the quarter. Accel Wealth Management’s holdings in Duke Energy were worth $330,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in DUK. Legacy Investment Solutions LLC acquired a new position in Duke Energy in the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Duke Energy in the third quarter valued at $30,000. Winch Advisory Services LLC grew its holdings 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 valued at $34,000 after buying an additional 243 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Duke Energy during the third quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC lifted its stake in Duke Energy by 100.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 167 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $109.86 on Friday. The firm has a fifty day moving average price of $110.26 and a two-hundred day moving average price of $112.21. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The company has a market cap of $84.87 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.71 and a beta of 0.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the business posted $1.94 EPS. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts expect that Duke Energy Co. will post 5.92 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 3.80%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is 76.84%.

Wall Street Analyst Weigh In

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

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.