Fairvoy Private Wealth LLC Purchases New Holdings in Duke Energy Co. (NYSE:DUK)

Fairvoy Private Wealth LLC acquired a new position in shares of Duke Energy Co. (NYSE:DUK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,272 shares of the utilities provider’s stock, valued at approximately $353,000.

Several other large investors also recently added to or reduced their stakes in DUK. KMG Fiduciary Partners LLC increased its stake in Duke Energy by 5.5% in the 4th quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock valued at $5,613,000 after buying an additional 2,705 shares during the period. CCM Investment Advisers LLC increased its stake in shares of Duke Energy by 24.3% in the fourth quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock worth $9,008,000 after acquiring an additional 16,356 shares during the last quarter. Pines Wealth Management LLC purchased a new position in Duke Energy in the fourth quarter valued at about $1,032,000. Fifth Third Bancorp raised its stake in shares of Duke Energy by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock worth $31,941,000 after purchasing an additional 9,070 shares in the last quarter. Finally, Corundum Group Inc. acquired a new stake in shares of Duke Energy during the 4th quarter valued at about $1,566,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Trading Up 0.4 %

Shares of DUK stock opened at $115.01 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The firm’s fifty day simple moving average is $109.78 and its 200 day simple moving average is $112.67. The firm has a market capitalization of $88.85 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 2.76 and a beta of 0.50.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the prior year, the company posted $1.94 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is presently 76.84%.

Analysts Set New Price Targets

Several brokerages recently weighed in on DUK. BMO Capital Markets raised their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Morgan Stanley decreased their price target on 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. Finally, Scotiabank raised their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus price target of $122.08.

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.