Atlas Wealth Partners LLC Has $278,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Atlas Wealth Partners LLC grew its holdings in Duke Energy Co. (NYSE:DUK) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,582 shares of the utilities provider’s stock after purchasing an additional 374 shares during the quarter. Atlas Wealth Partners LLC’s holdings in Duke Energy were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUK. Legacy Investment Solutions LLC acquired a new position in Duke Energy during the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the 3rd quarter worth approximately $30,000. CGC Financial Services LLC raised its stake in 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 buying an additional 242 shares during the period. Winch Advisory Services LLC raised its stake in Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after buying an additional 243 shares during the period. Finally, Reston Wealth Management LLC acquired a new position in Duke Energy during the 3rd quarter worth approximately $38,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DUK shares. BMO Capital Markets increased their price objective on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Scotiabank increased their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, Morgan Stanley lowered their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and a consensus price target of $122.08.

Duke Energy Price Performance

Shares of NYSE DUK opened at $116.70 on Wednesday. The stock has a fifty day simple moving average of $109.74 and a two-hundred day simple moving average of $112.85. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The firm has a market cap of $90.15 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

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.