Twin City Private Wealth LLC Sells 2,080 Shares of Duke Energy Co. (NYSE:DUK)

Twin City Private Wealth LLC trimmed its position in Duke Energy Co. (NYSE:DUK) by 13.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 13,325 shares of the utilities provider’s stock after selling 2,080 shares during the period. Twin City Private Wealth LLC’s holdings in Duke Energy were worth $1,436,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bailard Inc. boosted its position in Duke Energy by 10.9% in the 4th quarter. Bailard Inc. now owns 31,921 shares of the utilities provider’s stock valued at $3,439,000 after buying an additional 3,139 shares during the last quarter. KMG Fiduciary Partners LLC boosted its position in shares of Duke Energy by 5.5% in the 4th quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock worth $5,613,000 after purchasing an additional 2,705 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Duke Energy by 25.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider’s stock worth $3,852,000 after purchasing an additional 7,319 shares during the last quarter. First Business Financial Services Inc. bought a new position in shares of Duke Energy in the 4th quarter worth $384,000. Finally, Pines Wealth Management LLC bought a new position in shares of Duke Energy in the 4th quarter worth $1,032,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $119.01 on Monday. 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 stock’s 50-day moving average is $114.16 and its 200-day moving average is $113.65. The firm has a market cap of $92.47 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a one year low of $92.75 and a one year high of $121.47.

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

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 14th were given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Friday, February 14th. Duke Energy’s dividend payout ratio is currently 73.20%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group raised their price target on Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. BMO Capital Markets raised their price target on Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Guggenheim lifted their target price on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, Morgan Stanley lifted their target price on Duke Energy from $123.00 to $128.00 and gave the stock an “equal weight” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.87.

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.