Lineweaver Wealth Advisors LLC Has $1.47 Million Holdings in Duke Energy Co. (NYSE:DUK)

Lineweaver Wealth Advisors LLC lifted its position in Duke Energy Co. (NYSE:DUK) by 10.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,629 shares of the utilities provider’s stock after buying an additional 1,341 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Duke Energy were worth $1,469,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in Duke Energy in the third quarter worth approximately $29,000. Sierra Ocean LLC acquired a new stake in shares of Duke Energy in the 4th quarter valued at $31,000. CGC Financial Services LLC boosted its holdings in 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 purchasing an additional 242 shares in the last quarter. Winch Advisory Services LLC increased its position in Duke Energy by 332.9% during 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 bought a new position in Duke Energy during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DUK shares. Morgan Stanley lowered their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets increased their price target on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Scotiabank lifted 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, Jefferies Financial Group raised their target price on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $121.62.

Duke Energy Stock Performance

NYSE DUK opened at $116.34 on Thursday. The company’s fifty day moving average is $110.67 and its two-hundred day moving average is $113.08. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The firm has a market capitalization of $89.87 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.79 and a beta of 0.50.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.59%. Duke Energy’s dividend payout ratio (DPR) is currently 73.20%.

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.