Forte Capital LLC ADV Sells 238 Shares of Duke Energy Co. (NYSE:DUK)

Forte Capital LLC ADV reduced its stake in shares of Duke Energy Co. (NYSE:DUK) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,628 shares of the utilities provider’s stock after selling 238 shares during the period. Forte Capital LLC ADV’s holdings in Duke Energy were worth $2,438,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in Duke Energy during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC bought a new position in shares of Duke Energy in the fourth quarter valued at approximately $31,000. CGC Financial Services LLC grew its holdings in shares of Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 242 shares in the last quarter. Winch Advisory Services LLC grew its holdings in shares of Duke Energy by 332.9% in the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 243 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of Duke Energy in the third quarter valued at approximately $38,000. 65.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DUK. BMO Capital Markets upped their target price on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Morgan Stanley reduced their target price 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. Finally, Scotiabank upped their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average price target of $122.08.

Duke Energy Price Performance

Duke Energy stock opened at $113.15 on Friday. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The business’s 50 day simple moving average is $109.96 and its 200 day simple moving average is $112.97. The company has a market cap of $87.40 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.74 and a beta of 0.50.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Sell-side analysts forecast that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.69%. Duke Energy’s dividend payout ratio is currently 73.20%.

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.