Roxbury Financial LLC Invests $1.24 Million in Duke Energy Co. (NYSE:DUK)

Roxbury Financial LLC bought a new stake in shares of Duke Energy Co. (NYSE:DUK) during the 4th quarter, Holdings Channel.com reports. The firm bought 10,583 shares of the utilities provider’s stock, valued at approximately $1,239,000. Duke Energy comprises approximately 1.2% of Roxbury Financial LLC’s holdings, making the stock its 23rd largest position.

Several other large investors have also recently added to or reduced their stakes in DUK. Legacy Investment Solutions LLC purchased a new stake in shares of Duke Energy during the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC purchased a new stake in Duke Energy during the 3rd quarter worth $30,000. CGC Financial Services LLC lifted its stake in shares of Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 242 shares in the last quarter. Winch Advisory Services LLC boosted its stake 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 valued at $34,000 after buying an additional 243 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new position in Duke Energy during the 3rd quarter worth $38,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DUK shares. Morgan Stanley decreased their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Scotiabank increased their price objective 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. BMO Capital Markets lifted their target price on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.08.

Duke Energy Price Performance

Shares of DUK opened at $111.69 on Friday. The firm has a market capitalization of $86.27 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. The stock’s fifty day moving average is $109.86 and its 200-day moving average is $112.94. Duke Energy Co. has a one year low of $90.09 and a one year 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.

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

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.74%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

About Duke Energy

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.