Duke Energy Co. (NYSE:DUK) Shares Sold by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC cut its position in shares of Duke Energy Co. (NYSE:DUK) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,277 shares of the utilities provider’s stock after selling 125 shares during the period. Trueblood Wealth Management LLC’s holdings in Duke Energy were worth $461,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in Duke Energy during the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Duke Energy in the third quarter valued at about $30,000. Winch Advisory Services LLC increased its holdings in shares of Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after buying an additional 243 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in Duke Energy in the third quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC increased its position in shares of Duke Energy by 100.0% during the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the topic of several research reports. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Barclays raised their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. 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 note on Friday, November 22nd. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Finally, Scotiabank raised their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Trading Up 0.3 %

NYSE DUK opened at $109.34 on Monday. The stock has a market cap of $84.47 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.64 and a beta of 0.49. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The firm’s 50 day moving average price is $110.47 and its two-hundred day moving average price is $111.97.

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 company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. Equities analysts anticipate that Duke Energy Co. will post 5.94 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.82%. Duke Energy’s dividend payout ratio is currently 76.84%.

Duke Energy Company 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.