Kingsview Wealth Management LLC Buys 5,615 Shares of Duke Energy Co. (NYSE:DUK)

Kingsview Wealth Management LLC lifted its stake in Duke Energy Co. (NYSE:DUK) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,584 shares of the utilities provider’s stock after acquiring an additional 5,615 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Duke Energy were worth $4,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. KMG Fiduciary Partners LLC grew its position in Duke Energy by 5.5% during the fourth quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock valued at $5,613,000 after buying an additional 2,705 shares during the period. CCM Investment Advisers LLC grew its position in Duke Energy by 24.3% during the fourth quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock valued at $9,008,000 after buying an additional 16,356 shares during the period. Pines Wealth Management LLC bought a new stake in Duke Energy during the fourth quarter valued at approximately $1,032,000. Fifth Third Bancorp grew its position in Duke Energy by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock valued at $31,941,000 after buying an additional 9,070 shares during the period. Finally, Corundum Group Inc. purchased a new position in Duke Energy during the fourth quarter valued at approximately $1,566,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

NYSE:DUK opened at $115.01 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The firm has a market cap of $88.85 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. The company has a 50 day moving average price of $109.73 and a 200-day moving average price of $112.72. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.94 earnings per share. Equities research analysts forecast that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.63%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is presently 76.84%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DUK shares. BMO Capital Markets lifted their price target on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Morgan Stanley lowered their price target 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. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, Scotiabank boosted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $122.08.

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.