Triad Wealth Partners LLC Makes New Investment in Duke Energy Co. (NYSE:DUK)

Triad Wealth Partners LLC purchased a new position in shares of Duke Energy Co. (NYSE:DUK) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,103 shares of the utilities provider’s stock, valued at approximately $227,000.

Several other hedge funds have also recently added to or reduced their stakes in DUK. Baron Wealth Management LLC lifted its position in Duke Energy by 3.5% during the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 92 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in Duke Energy by 0.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider’s stock valued at $3,378,000 after purchasing an additional 93 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in Duke Energy by 2.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider’s stock valued at $372,000 after purchasing an additional 95 shares in the last quarter. Intergy Private Wealth LLC lifted its position in Duke Energy by 4.8% during the fourth quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 96 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Duke Energy by 1.3% during the fourth quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider’s stock valued at $779,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DUK shares. Morgan Stanley lowered their target price on 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. Scotiabank raised their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Guggenheim raised their price target on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group raised their price target on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, BMO Capital Markets raised 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. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $122.57.

Duke Energy Trading Down 1.0 %

Shares of NYSE DUK opened at $115.26 on Thursday. The business’s 50 day moving average is $111.51 and its two-hundred day moving average is $113.21. 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 $121.25. The stock has a market capitalization of $89.49 billion, a P/E ratio of 20.19, a PEG ratio of 2.79 and a beta of 0.48.

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

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.63%. Duke Energy’s dividend payout ratio (DPR) is presently 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.