Providence Capital Advisors LLC Increases Holdings in Duke Energy Co. (NYSE:DUK)

Providence Capital Advisors LLC boosted its stake in Duke Energy Co. (NYSE:DUK) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,984 shares of the utilities provider’s stock after purchasing an additional 239 shares during the quarter. Providence Capital Advisors LLC’s holdings in Duke Energy were worth $4,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new position in Duke Energy during the third quarter valued at approximately $29,000. Parkworth Wealth Management Inc. purchased a new position in shares of Duke Energy during the 4th quarter valued at $28,000. Rakuten Securities Inc. increased its holdings 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 worth $31,000 after purchasing an additional 270 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Duke Energy in the fourth quarter worth $31,000. Finally, CGC Financial Services LLC grew its position in Duke Energy by 366.7% during 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 in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on DUK shares. Scotiabank lifted their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. BMO Capital Markets increased their price target on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. UBS Group upped their target price on shares of Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Guggenheim lifted their price target on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group raised their price objective on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.87.

Duke Energy Stock Up 0.5 %

NYSE DUK opened at $117.67 on Friday. The business’s 50-day moving average is $114.97 and its 200 day moving average is $113.71. The stock has a market capitalization of $91.43 billion, a PE ratio of 20.61, a PEG ratio of 2.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a 1 year low of $92.75 and a 1 year high of $121.47.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results 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 9.50% and a net margin of 14.90%. Sell-side analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were issued a $1.045 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.55%. Duke Energy’s dividend payout ratio (DPR) is presently 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.