Brandywine Oak Private Wealth LLC Buys 161 Shares of Duke Energy Co. (NYSE:DUK)

Brandywine Oak Private Wealth LLC increased its position in Duke Energy Co. (NYSE:DUK) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,790 shares of the utilities provider’s stock after purchasing an additional 161 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in Duke Energy were worth $408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DUK. Pathway Financial Advisers LLC increased its position in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. Groupama Asset Managment bought a new stake in shares of Duke Energy in the 3rd quarter worth $2,537,000. Zimmer Partners LP purchased a new stake in shares of Duke Energy during the third quarter valued at $166,263,000. Assenagon Asset Management S.A. increased its holdings in Duke Energy by 155.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock worth $201,832,000 after buying an additional 1,138,979 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after acquiring an additional 1,117,526 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Trading Up 1.3 %

DUK stock opened at $113.88 on Thursday. The company has a market capitalization of $87.97 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 2.76 and a beta of 0.50. 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 Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The business has a 50 day simple moving average of $109.91 and a two-hundred day simple moving average of $112.65.

Duke Energy (NYSE:DUK) last posted its 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). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same period last year, the business posted $1.94 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts anticipate that Duke Energy Co. will post 5.91 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm 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 $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.67%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DUK shares. Morgan Stanley decreased their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Monday. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, Scotiabank raised their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.08.

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.