ARS Wealth Advisors Group LLC Has $14.97 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

ARS Wealth Advisors Group LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUKFree Report) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,908 shares of the utilities provider’s stock after purchasing an additional 406 shares during the period. Duke Energy comprises approximately 2.1% of ARS Wealth Advisors Group LLC’s investment portfolio, making the stock its 20th biggest position. ARS Wealth Advisors Group LLC’s holdings in Duke Energy were worth $14,966,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy during the third quarter worth $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy during the 3rd quarter valued at $30,000. Reston Wealth Management LLC acquired a new position in Duke Energy in the 3rd quarter worth about $38,000. Catalyst Capital Advisors LLC raised its position in 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 purchasing an additional 167 shares during the last quarter. Finally, Carolina Wealth Advisors LLC boosted its stake in shares of Duke Energy by 82.7% during the third quarter. Carolina Wealth Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays lifted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. BMO Capital Markets raised their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Morgan Stanley decreased their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Jefferies Financial Group started coverage on shares of Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

View Our Latest Stock Analysis on DUK

Duke Energy Stock Performance

Shares of NYSE:DUK traded up $0.70 during mid-day trading on Wednesday, reaching $107.55. The company had a trading volume of 281,442 shares, compared to its average volume of 2,679,514. The company’s 50-day moving average price is $110.73 and its 200-day moving average price is $111.87. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The firm has a market cap of $83.08 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.88 and a beta of 0.49. 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 (NYSE:DUKGet Free Report) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the prior year, the company earned $1.94 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Duke Energy Co. will post 5.95 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

Duke Energy Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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