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2,605 Shares in Duke Energy Co. (NYSE:DUK) Acquired by Warm Springs Advisors Inc.

Duke Energy logo with Utilities background

Warm Springs Advisors Inc. purchased a new stake in Duke Energy Co. (NYSE:DUK - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,605 shares of the utilities provider's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DUK. Simon Quick Advisors LLC lifted its holdings in Duke Energy by 19.6% during the 4th quarter. Simon Quick Advisors LLC now owns 3,645 shares of the utilities provider's stock valued at $393,000 after purchasing an additional 597 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Duke Energy by 31.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 37,449 shares of the utilities provider's stock worth $4,035,000 after purchasing an additional 8,963 shares during the period. Red Door Wealth Management LLC grew its stake in Duke Energy by 8.1% during the fourth quarter. Red Door Wealth Management LLC now owns 43,309 shares of the utilities provider's stock worth $4,666,000 after purchasing an additional 3,250 shares during the period. Secure Asset Management LLC acquired a new stake in shares of Duke Energy in the 4th quarter valued at about $236,000. Finally, Key Client Fiduciary Advisors LLC acquired a new stake in Duke Energy in the fourth quarter valued at approximately $208,000. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Price Performance

Shares of NYSE DUK traded down $0.13 during midday trading on Tuesday, hitting $116.36. The company had a trading volume of 3,741,730 shares, compared to its average volume of 3,440,225. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $90.44 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a twelve month low of $99.21 and a twelve month high of $125.27. The business has a 50-day simple moving average of $118.95 and a two-hundred day simple moving average of $114.70.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.17. The company had revenue of $8.25 billion for the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. Equities research analysts anticipate that Duke Energy Co. will post 6.33 earnings per share 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 of this dividend is Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.59%. Duke Energy's payout ratio is 69.32%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group lifted their price target on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets cut their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a 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 report on Friday, February 21st. Citigroup increased their price objective on Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Barclays increased their target price on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Duke Energy currently has a consensus rating of "Moderate Buy" and an average target price of $125.81.

Read Our Latest Research Report on DUK

Duke Energy Company Profile

(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.

See Also

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

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