Relyea Zuckerberg Hanson LLC Has $302,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Relyea Zuckerberg Hanson LLC lifted its stake in Duke Energy Co. (NYSE:DUK) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,806 shares of the utilities provider’s stock after acquiring an additional 319 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Duke Energy were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. PBMares Wealth Management LLC boosted its stake in Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after buying an additional 86 shares in the last quarter. Castleview Partners LLC boosted its stake in Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after buying an additional 90 shares in the last quarter. Kanawha Capital Management LLC boosted its stake in Duke Energy by 1.4% during the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after buying an additional 92 shares in the last quarter. Baron Wealth Management LLC boosted its stake in Duke Energy by 3.5% during the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after buying an additional 92 shares in the last quarter. Finally, Chicago Capital LLC boosted its stake in Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Scotiabank lifted their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Barclays lifted their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Morgan Stanley cut their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Price Performance

Shares of DUK opened at $109.34 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The stock has a 50 day simple moving average of $110.55 and a 200 day simple moving average of $111.81. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. The firm has a market capitalization of $84.47 billion, a PE ratio of 20.10, a P/E/G ratio of 2.64 and a beta of 0.49.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 EPS. Sell-side analysts predict that Duke Energy Co. will post 5.94 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 76.84%.

Duke Energy Company 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.