Duke Energy Co. (NYSE:DUK) Shares Bought by Charles Schwab Trust Co

Charles Schwab Trust Co increased its position in shares of Duke Energy Co. (NYSE:DUK) by 64.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,007 shares of the utilities provider’s stock after buying an additional 1,183 shares during the quarter. Charles Schwab Trust Co’s holdings in Duke Energy were worth $324,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

DUK has been the subject of several recent research reports. Barclays boosted their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Scotiabank lifted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley dropped their target price 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. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Finally, KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Stock Up 0.3 %

Shares of NYSE DUK opened at $109.34 on Tuesday. The firm’s 50-day moving average is $110.47 and its 200-day moving average is $112.05. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The firm has a market capitalization of $84.47 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.72 and a beta of 0.49. 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 (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period last year, the firm earned $1.94 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts expect that Duke Energy Co. will post 5.92 EPS for the current 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 paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is presently 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.