Parkworth Wealth Management Inc. Purchases Shares of 261 Duke Energy Co. (NYSE:DUK)

Parkworth Wealth Management Inc. purchased a new stake in shares of Duke Energy Co. (NYSE:DUK) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 261 shares of the utilities provider’s stock, valued at approximately $28,000.

Several other large investors have also added to or reduced their stakes in DUK. Legacy Investment Solutions LLC purchased a new stake in shares of Duke Energy in the third quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in shares of Duke Energy in the fourth quarter worth about $31,000. CGC Financial Services LLC boosted its stake in shares of Duke Energy by 366.7% in the fourth 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 last quarter. Winch Advisory Services LLC boosted its stake in shares of Duke Energy by 332.9% in the fourth 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 last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DUK shares. Jefferies Financial Group increased their price target on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Guggenheim increased their price target on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Morgan Stanley lowered their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Scotiabank increased their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.93.

Duke Energy Trading Down 0.6 %

Shares of Duke Energy stock opened at $117.76 on Wednesday. The firm has a market capitalization of $91.43 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a fifty-two week low of $92.75 and a fifty-two week high of $121.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The stock has a 50 day moving average of $112.22 and a 200 day moving average of $113.34.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 predict that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.55%. Duke Energy’s dividend payout ratio is currently 73.20%.

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.