Mindset Wealth Management LLC Acquires 300 Shares of Duke Energy Co. (NYSE:DUK)

Mindset Wealth Management LLC raised its holdings in shares of Duke Energy Co. (NYSE:DUK) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,300 shares of the utilities provider’s stock after purchasing an additional 300 shares during the quarter. Mindset Wealth Management LLC’s holdings in Duke Energy were worth $248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy during the 3rd quarter worth about $29,000. Parkworth Wealth Management Inc. acquired a new stake in Duke Energy during the fourth quarter worth approximately $28,000. Rakuten Securities Inc. grew its position in shares of Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Duke Energy during the fourth quarter worth approximately $31,000. Finally, CGC Financial Services LLC boosted its stake in Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 242 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DUK. Jefferies Financial Group lifted their target price on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Guggenheim lifted their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. BMO Capital Markets increased their price target on Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley upped their target price on Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.64.

Duke Energy Stock Performance

NYSE DUK opened at $120.17 on Friday. The firm’s fifty day moving average price is $113.89 and its two-hundred day moving average price is $113.65. The stock has a market cap of $93.37 billion, a PE ratio of 21.05, a PEG ratio of 2.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. Duke Energy Co. has a fifty-two week low of $92.75 and a fifty-two week high of $121.47.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Friday, February 14th. Duke Energy’s payout ratio is 73.20%.

About Duke Energy

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.