Bogart Wealth LLC Purchases 1,117 Shares of Duke Energy Co. (NYSE:DUK)

Bogart Wealth LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 1.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 96,031 shares of the utilities provider’s stock after buying an additional 1,117 shares during the period. Bogart Wealth LLC’s holdings in Duke Energy were worth $10,346,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DUK. Legacy Investment Solutions LLC bought a new position in Duke Energy during the third quarter worth $29,000. Northwest Investment Counselors LLC bought a new position in Duke Energy during the third quarter worth $30,000. CGC Financial Services LLC raised its stake in Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after buying an additional 242 shares during the last quarter. Winch Advisory Services LLC grew its holdings in Duke Energy by 332.9% in the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 243 shares during the period. Finally, Reston Wealth Management LLC acquired a new stake in Duke Energy in the third quarter worth $38,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Scotiabank raised 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. BMO Capital Markets raised their price target on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley reduced their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.08.

Duke Energy Stock Down 2.1 %

Shares of NYSE DUK opened at $113.89 on Friday. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The stock has a market capitalization of $87.98 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.83 and a beta of 0.50. The company has a 50-day moving average price of $109.86 and a 200-day moving average price of $112.93. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. On average, equities research analysts forecast that Duke Energy Co. will post 5.91 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company 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 dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) 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.