Duke Energy Co. (NYSE:DUK) Shares Sold by Beacon Financial Group

Beacon Financial Group lowered its holdings in Duke Energy Co. (NYSE:DUK) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 46,644 shares of the utilities provider’s stock after selling 482 shares during the quarter. Beacon Financial Group’s holdings in Duke Energy were worth $5,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PBMares Wealth Management LLC raised its holdings in Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after purchasing an additional 86 shares in the last quarter. Castleview Partners LLC raised its stake in Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 90 shares in the last quarter. Kanawha Capital Management LLC lifted its position in Duke Energy by 1.4% in the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after acquiring an additional 92 shares during the last quarter. Baron Wealth Management LLC boosted its stake in Duke Energy by 3.5% in the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 92 shares in the last quarter. Finally, Chicago Capital LLC grew its holdings in shares of Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on DUK shares. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Scotiabank increased 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 shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. BMO Capital Markets increased their price target on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley dropped their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.08.

Duke Energy Stock Performance

NYSE DUK opened at $116.70 on Wednesday. The stock has a market capitalization of $90.15 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.83 and a beta of 0.50. The business’s 50 day moving average is $109.74 and its two-hundred day moving average is $112.85. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. 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 Dividend Announcement

The firm also recently disclosed 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. This represents a $4.18 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s payout ratio is 76.84%.

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.