Beverly Hills Private Wealth LLC Has $334,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Beverly Hills Private Wealth LLC lowered its stake in shares of Duke Energy Co. (NYSE:DUK) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,102 shares of the utilities provider’s stock after selling 107 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Duke Energy were worth $334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DUK. Parkworth Wealth Management Inc. bought a new position in Duke Energy in the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new stake in shares of Duke Energy during the fourth quarter worth $30,000. Rakuten Securities Inc. boosted its holdings in Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 270 shares during the last quarter. Sierra Ocean LLC acquired a new position in Duke Energy during the 4th quarter valued at about $31,000. Finally, CGC Financial Services LLC boosted its stake in shares of Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Down 0.7 %

DUK opened at $120.70 on Tuesday. The firm’s fifty day simple moving average is $119.13 and its 200 day simple moving average is $114.53. The stock has a market capitalization of $93.79 billion, a P/E ratio of 21.14, a P/E/G ratio of 2.79 and a beta of 0.39. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a 12 month low of $99.21 and a 12 month high of $125.27.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) 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%. As a group, research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is currently 73.20%.

Analysts Set New Price Targets

DUK has been the topic of several analyst reports. Guggenheim increased their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. BMO Capital Markets reduced their price target on Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Jefferies Financial Group increased their target price on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, February 21st. UBS Group boosted their target price on Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.87.

Duke Energy 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.