Trueblood Wealth Management LLC Has $461,000 Stock Position in Duke Energy Co. (NYSE:DUK)

Trueblood Wealth Management LLC lessened its position in Duke Energy Co. (NYSE:DUK) by 2.8% in the 4th 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.

Other hedge funds have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its position in shares of Duke Energy by 8.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 35,368 shares of the utilities provider’s stock worth $3,545,000 after purchasing an additional 2,814 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in shares of Duke Energy by 132.8% in the second quarter. Bridges Investment Management Inc. now owns 5,655 shares of the utilities provider’s stock valued at $567,000 after purchasing an additional 3,226 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Duke Energy by 14.8% in the 2nd quarter. King Luther Capital Management Corp now owns 15,190 shares of the utilities provider’s stock valued at $1,522,000 after acquiring an additional 1,958 shares during the period. AE Wealth Management LLC lifted its holdings in Duke Energy by 17.4% during the 2nd quarter. AE Wealth Management LLC now owns 40,171 shares of the utilities provider’s stock worth $4,026,000 after purchasing an additional 5,957 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its stake in shares of Duke Energy by 39.6% in the second quarter. Summit Trail Advisors LLC now owns 7,606 shares of the utilities provider’s stock valued at $762,000 after acquiring an additional 2,156 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

DUK stock opened at $109.34 on Monday. The company’s fifty day moving average price is $110.47 and its 200-day moving average price is $111.97. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The company has a market capitalization of $84.47 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.64 and a beta of 0.49. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70.

Duke Energy (NYSE:DUK) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter last year, the firm posted $1.94 EPS. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Duke Energy Co. will post 5.94 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm 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 dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.82%. Duke Energy’s dividend payout ratio is presently 76.84%.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of recent analyst reports. Scotiabank upped their price target 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. Morgan Stanley cut their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays lifted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Six 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.23.

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.