Allegheny Financial Group Has $458,000 Stock Position in Duke Energy Co. (NYSE:DUK)

Allegheny Financial Group cut its position in shares of Duke Energy Co. (NYSE:DUK) by 8.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,247 shares of the utilities provider’s stock after selling 414 shares during the period. Allegheny Financial Group’s holdings in Duke Energy were worth $458,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its stake in Duke Energy by 0.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider’s stock worth $3,378,000 after buying an additional 93 shares during the period. Pallas Capital Advisors LLC raised its position in shares of Duke Energy by 2.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 95 shares during the period. Intergy Private Wealth LLC lifted its holdings in shares of Duke Energy by 4.8% during the 4th quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 96 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of Duke Energy by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider’s stock valued at $779,000 after purchasing an additional 96 shares during the period. Finally, Cravens & Co Advisors LLC increased its stake in Duke Energy by 3.9% during the 4th quarter. Cravens & Co Advisors LLC now owns 2,624 shares of the utilities provider’s stock worth $283,000 after purchasing an additional 98 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DUK shares. BMO Capital Markets reduced their price target on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. UBS Group increased their target price on Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Barclays upped their price objective on Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Morgan Stanley lifted their target price on Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Finally, Guggenheim raised their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $123.87.

Duke Energy Trading Down 0.6 %

Duke Energy stock opened at $121.32 on Friday. The stock has a 50-day simple moving average of $118.95 and a 200 day simple moving average of $114.57. The stock has a market capitalization of $94.26 billion, a P/E ratio of 21.25, a PEG ratio of 2.79 and a beta of 0.39. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. Duke Energy Co. has a 52 week low of $98.58 and a 52 week high of $125.27.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping 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%. Analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.45%. Duke Energy’s dividend payout ratio is presently 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.