Lido Advisors LLC grew its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,136 shares of the utilities provider's stock after buying an additional 2,223 shares during the period. Lido Advisors LLC's holdings in Duke Energy were worth $3,570,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Parkworth Wealth Management Inc. acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new position in Duke Energy during the fourth quarter worth $30,000. Rakuten Securities Inc. grew its holdings in Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after buying an additional 270 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Duke Energy in the 4th quarter worth $31,000. Finally, CGC Financial Services LLC raised its holdings in shares of Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after acquiring an additional 242 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.
Duke Energy Stock Up 0.2 %
Duke Energy stock traded up $0.26 during mid-day trading on Friday, reaching $121.59. 2,720,048 shares of the company's stock were exchanged, compared to its average volume of 3,379,198. The company has a fifty day moving average of $119.04 and a 200-day moving average of $114.57. The company has a market cap of $94.48 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.79 and a beta of 0.39. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a twelve month low of $99.21 and a twelve month high of $125.27.
Duke Energy (NYSE:DUK - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Duke Energy Co. will post 6.33 EPS for the current year.
Duke Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be paid a $1.045 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.44%. Duke Energy's dividend payout ratio is currently 73.20%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on DUK. Guggenheim raised their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. UBS Group raised their price target on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. upped their price objective on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Morgan Stanley raised their target price on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, BMO Capital Markets decreased their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Seven equities research 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 company currently has an average rating of "Moderate Buy" and an average target price of $123.87.
View Our Latest Stock Analysis on Duke Energy
About Duke Energy
(
Free Report)
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.
Further Reading
Before you consider Duke Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Duke Energy wasn't on the list.
While Duke Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
