Duke Energy Corp (DUK) Shares Bought by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors lifted its position in shares of Duke Energy Corp (NYSE:DUK) by 57.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,336 shares of the utilities provider’s stock after acquiring an additional 851 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Duke Energy were worth $201,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc lifted its stake in Duke Energy by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock valued at $4,355,880,000 after buying an additional 1,539,841 shares in the last quarter. BlackRock Inc. lifted its stake in Duke Energy by 2.3% in the 3rd quarter. BlackRock Inc. now owns 47,043,416 shares of the utilities provider’s stock valued at $3,764,415,000 after buying an additional 1,065,607 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Duke Energy by 0.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,862,028 shares of the utilities provider’s stock valued at $1,589,358,000 after buying an additional 121,046 shares in the last quarter. Franklin Resources Inc. lifted its stake in Duke Energy by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 14,274,081 shares of the utilities provider’s stock valued at $1,142,212,000 after buying an additional 314,933 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Duke Energy by 12.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,465,312 shares of the utilities provider’s stock valued at $517,355,000 after buying an additional 706,008 shares in the last quarter. 59.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of DUK opened at $85.14 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.46. The firm has a market capitalization of $59.64 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 3.39 and a beta of 0.04. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.35.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.12. The company had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.59 billion. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. Duke Energy’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. On average, analysts forecast that Duke Energy Corp will post 4.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be issued a $0.9275 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 annualized dividend and a yield of 4.36%. Duke Energy’s dividend payout ratio (DPR) is presently 81.18%.

A number of equities research analysts recently issued reports on the company. Morgan Stanley reduced their target price on Duke Energy from $91.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, September 21st. Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Barclays upped their target price on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research note on Monday, November 19th. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Finally, Zacks Investment Research lowered Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Duke Energy currently has a consensus rating of “Hold” and a consensus target price of $85.25.

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About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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