Midland Wealth Advisors LLC Buys 124 Shares of Duke Energy Co. (NYSE:DUK)

Midland Wealth Advisors LLC boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,550 shares of the utilities provider’s stock after purchasing an additional 124 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Duke Energy were worth $490,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DUK. Groupama Asset Managment bought a new stake in Duke Energy during the third quarter worth approximately $2,537,000. Zimmer Partners LP bought a new stake in shares of Duke Energy in the third quarter valued at approximately $166,263,000. Assenagon Asset Management S.A. boosted its position in shares of Duke Energy by 155.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock valued at $201,832,000 after acquiring an additional 1,138,979 shares during the period. Capital Wealth Planning LLC boosted its position in shares of Duke Energy by 116.5% in the fourth quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider’s stock valued at $222,520,000 after acquiring an additional 1,111,581 shares during the period. Finally, Amundi boosted its position in shares of Duke Energy by 29.2% in the fourth quarter. Amundi now owns 2,488,849 shares of the utilities provider’s stock valued at $269,368,000 after acquiring an additional 561,784 shares during the period. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DUK. Morgan Stanley reduced their price objective on 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. Jefferies Financial Group increased 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, February 21st. BMO Capital Markets increased their price objective on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Guggenheim upped their target price on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, Scotiabank upped their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average target price of $122.57.

Duke Energy Stock Performance

Duke Energy stock opened at $118.46 on Tuesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The stock has a fifty day moving average price of $112.02 and a two-hundred day moving average price of $113.30. Duke Energy Co. has a 52-week low of $92.75 and a 52-week high of $121.25. The firm has a market capitalization of $91.98 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.79 and a beta of 0.48.

Duke Energy (NYSE:DUK) last released its quarterly earnings data 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%. As a group, analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.53%. Duke Energy’s dividend payout ratio is currently 73.20%.

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.