Atlas Wealth Partners LLC Acquires 374 Shares of Duke Energy Co. (NYSE:DUK)

Atlas Wealth Partners LLC lifted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 16.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,582 shares of the utilities provider’s stock after acquiring an additional 374 shares during the quarter. Atlas Wealth Partners LLC’s holdings in Duke Energy were worth $278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Certuity LLC lifted its holdings in Duke Energy by 29.5% during the 4th quarter. Certuity LLC now owns 3,380 shares of the utilities provider’s stock worth $364,000 after purchasing an additional 770 shares during the last quarter. New Republic Capital LLC lifted its holdings in Duke Energy by 3.5% during the 4th quarter. New Republic Capital LLC now owns 3,693 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 124 shares during the last quarter. Community Bank & Trust Waco Texas lifted its holdings in Duke Energy by 10.0% during the 4th quarter. Community Bank & Trust Waco Texas now owns 17,796 shares of the utilities provider’s stock worth $1,917,000 after purchasing an additional 1,619 shares during the last quarter. Wealthcare Capital Partners LLC acquired a new stake in Duke Energy during the 4th quarter worth approximately $296,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Duke Energy during the 4th quarter worth approximately $69,000. 65.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley dropped their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. BMO Capital Markets lifted their price objective 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 objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy Trading Up 1.0 %

Shares of DUK stock opened at $116.70 on Wednesday. The firm has a market capitalization of $90.15 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.83 and a beta of 0.50. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The stock’s fifty day simple moving average is $109.74 and its 200 day simple moving average is $112.85.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given 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 3.58%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

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.