Atria Wealth Solutions Inc. Has $10.95 Million Holdings in Duke Energy Co. (NYSE:DUK)

Atria Wealth Solutions Inc. grew its position in Duke Energy Co. (NYSE:DUK) by 12.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,582 shares of the utilities provider’s stock after purchasing an additional 11,154 shares during the period. Atria Wealth Solutions Inc.’s holdings in Duke Energy were worth $10,945,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Pathway Financial Advisers LLC boosted its stake in shares of Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. Groupama Asset Managment bought a new stake in shares of Duke Energy during the 3rd quarter worth about $2,537,000. Zimmer Partners LP bought a new stake in shares of Duke Energy during the 3rd quarter worth about $166,263,000. Assenagon Asset Management S.A. boosted its stake in shares of Duke Energy by 155.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock worth $201,832,000 after acquiring an additional 1,138,979 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after acquiring an additional 1,117,526 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of DUK stock opened at $110.85 on Wednesday. The stock has a 50 day moving average of $109.84 and a two-hundred day moving average of $112.98. 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 Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a market capitalization of $85.63 billion, a P/E ratio of 20.38, a P/E/G ratio of 2.83 and a beta of 0.50.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. As a group, equities analysts expect that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Dividend Announcement

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 issued a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.77%. Duke Energy’s payout ratio is presently 76.84%.

Analyst Ratings Changes

DUK has been the subject of several recent analyst reports. Scotiabank upped their price target 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. BMO Capital Markets increased their target price on Duke Energy from $119.00 to $124.00 and gave the company 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. Finally, Morgan Stanley decreased their target price 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.08.

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.