Rowlandmiller & PARTNERS.ADV Decreases Stake in Duke Energy Co. (NYSE:DUK)

Rowlandmiller & PARTNERS.ADV cut its holdings in shares of Duke Energy Co. (NYSE:DUK) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,216 shares of the utilities provider’s stock after selling 99 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Duke Energy were worth $2,825,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy in the third quarter worth approximately $29,000. Sierra Ocean LLC purchased a new stake in Duke Energy in the fourth quarter worth approximately $31,000. CGC Financial Services LLC grew its position in Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 242 shares during the period. Winch Advisory Services LLC raised its stake in Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after buying an additional 243 shares during the last quarter. Finally, Reston Wealth Management LLC purchased a new position in shares of Duke Energy in the 3rd quarter worth $38,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Trading Up 2.1 %

Shares of DUK stock opened at $115.58 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The stock has a fifty day simple moving average of $110.10 and a two-hundred day simple moving average of $113.00. The firm has a market capitalization of $89.28 billion, a PE ratio of 20.24, a PEG ratio of 2.79 and a beta of 0.50. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) 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%. On average, analysts predict that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 dividend on an annualized basis and a dividend yield of 3.62%. Duke Energy’s dividend payout ratio is 73.20%.

Wall Street Analyst Weigh In

DUK has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets upped their price target on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. 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 report on Friday, November 22nd. Finally, Scotiabank upped their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.62.

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.