Duke Energy Co. (NYSE:DUK) Position Trimmed by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC lowered its stake in Duke Energy Co. (NYSE:DUK) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,950 shares of the utilities provider’s stock after selling 325 shares during the period. Revolve Wealth Partners LLC’s holdings in Duke Energy were worth $318,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. PBMares Wealth Management LLC increased its stake in Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after acquiring an additional 86 shares during the period. Castleview Partners LLC boosted its holdings in Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Kanawha Capital Management LLC grew its stake in shares of Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 92 shares during the period. Baron Wealth Management LLC raised its holdings in shares of Duke Energy by 3.5% in the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after buying an additional 92 shares in the last quarter. Finally, Chicago Capital LLC boosted its stake in Duke Energy by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after buying an additional 93 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

Duke Energy stock opened at $112.60 on Tuesday. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The company’s 50-day moving average is $110.26 and its two-hundred day moving average is $112.36. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The company has a market cap of $86.98 billion, a PE ratio of 20.70, a PEG ratio of 2.71 and a beta of 0.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 earnings per share. Equities analysts anticipate that Duke Energy Co. will post 5.92 earnings per share for the current year.

Duke Energy Dividend Announcement

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 paid a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s payout ratio is 76.84%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DUK shares. Barclays increased their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Morgan Stanley cut their price target 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. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Scotiabank lifted 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. Finally, KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

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.