2,489 Shares in Duke Energy Co. (NYSE:DUK) Acquired by Joel Adams & Associates Inc.

Joel Adams & Associates Inc. purchased a new position in shares of Duke Energy Co. (NYSE:DUK) in the 4th quarter, Holdings Channel reports. The firm purchased 2,489 shares of the utilities provider’s stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cyndeo Wealth Partners LLC grew its stake in Duke Energy by 51.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 5,337 shares of the utilities provider’s stock worth $615,000 after buying an additional 1,802 shares during the period. Vest Financial LLC grew its stake in Duke Energy by 199.0% during the third quarter. Vest Financial LLC now owns 7,657 shares of the utilities provider’s stock worth $883,000 after buying an additional 5,096 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Duke Energy by 34.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 451,484 shares of the utilities provider’s stock worth $52,056,000 after buying an additional 116,187 shares during the period. Koss Olinger Consulting LLC purchased a new stake in Duke Energy during the third quarter worth approximately $220,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Duke Energy during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Scotiabank upped their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley decreased their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets upped their target price on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $122.08.

Duke Energy Trading Down 0.7 %

NYSE DUK opened at $110.85 on Wednesday. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The company has a market capitalization of $85.63 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.75 and a beta of 0.50. The company’s fifty day moving average price is $109.84 and its two-hundred day moving average price is $112.98.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. As a group, research analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.77%. Duke Energy’s dividend payout ratio (DPR) is 73.20%.

Duke Energy Company 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.