Duke Energy Co. (NYSE:DUK) Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its position in Duke Energy Co. (NYSE:DUK) by 22.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,325 shares of the utilities provider’s stock after buying an additional 1,167 shares during the period. Fidelis Capital Partners LLC’s holdings in Duke Energy were worth $716,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DUK. Legacy Investment Solutions LLC purchased a new stake in shares of Duke Energy during the third quarter worth approximately $29,000. Sierra Ocean LLC acquired a new stake in Duke Energy during the 4th quarter worth $31,000. CGC Financial Services LLC grew its holdings in shares of 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 in the last quarter. Winch Advisory Services LLC raised its position in shares of Duke Energy by 332.9% in the fourth 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, Centricity Wealth Management LLC purchased a new position in shares of Duke Energy in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of recent research reports. Morgan Stanley cut their price objective 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. Jefferies Financial Group increased their price target on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday, February 21st. Scotiabank boosted their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets lifted their price target on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $121.62.

Duke Energy Trading Up 1.0 %

NYSE DUK opened at $118.62 on Tuesday. Duke Energy Co. has a 12 month low of $90.22 and a 12 month high of $121.25. The stock has a market capitalization of $91.63 billion, a P/E ratio of 20.77, a PEG ratio of 2.79 and a beta of 0.50. The firm’s 50-day moving average is $111.23 and its two-hundred day moving average is $113.16. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data 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 14.90% and a return on equity of 9.50%. On average, sell-side analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be issued a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.52%. Duke Energy’s dividend payout ratio is presently 73.20%.

Duke Energy 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.