Legacy Wealth Asset Management LLC Sells 207 Shares of Duke Energy Co. (NYSE:DUK)

Legacy Wealth Asset Management LLC lessened its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,814 shares of the utilities provider’s stock after selling 207 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Duke Energy were worth $734,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DUK. Legacy Investment Solutions LLC purchased a new stake in Duke Energy in the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC bought a new stake in Duke Energy during the 3rd quarter valued at $30,000. Winch Advisory Services LLC lifted its holdings in shares of Duke Energy by 332.9% in 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. Reston Wealth Management LLC purchased a new position in shares of Duke Energy during the third quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 0.3 %

Shares of NYSE:DUK opened at $109.34 on Friday. The business has a 50-day moving average price of $110.55 and a 200-day moving average price of $111.81. The stock has a market cap of $84.47 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.64 and a beta of 0.49. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55.

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

Duke Energy Announces Dividend

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

Wall Street Analyst Weigh In

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

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.