Duke Energy Co. (NYSE:DUK) Holdings Raised by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,456 shares of the utilities provider’s stock after purchasing an additional 95 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Duke Energy were worth $372,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy in the third quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new position in shares of Duke Energy during the third quarter valued at approximately $38,000. Catalyst Capital Advisors LLC raised its position in shares of Duke Energy by 100.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares during the period. Finally, Carolina Wealth Advisors LLC boosted its position in Duke Energy by 82.7% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 163 shares during the period. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays increased their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Scotiabank boosted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Jefferies Financial Group initiated coverage on shares of Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target on the stock. BMO Capital Markets boosted their price objective on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Finally, 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 research note on Friday, November 22nd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.23.

Duke Energy Trading Down 0.4 %

Shares of DUK stock opened at $106.39 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The stock has a 50-day simple moving average of $110.73 and a 200 day simple moving average of $111.87. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The stock has a market capitalization of $82.18 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.88 and a beta of 0.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business 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 business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. On average, sell-side analysts expect that Duke Energy Co. will post 5.95 earnings per share for the current fiscal 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 dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend 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.