RWA Wealth Partners LLC Has $11.44 Million Position in Duke Energy Co. (NYSE:DUK)

RWA Wealth Partners LLC lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 111.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 106,136 shares of the utilities provider’s stock after buying an additional 55,921 shares during the quarter. RWA Wealth Partners LLC’s holdings in Duke Energy were worth $11,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bailard Inc. grew its stake in shares of Duke Energy by 10.9% in the fourth quarter. Bailard Inc. now owns 31,921 shares of the utilities provider’s stock worth $3,439,000 after purchasing an additional 3,139 shares during the last quarter. KMG Fiduciary Partners LLC raised its position in shares of Duke Energy by 5.5% during the fourth quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock worth $5,613,000 after acquiring an additional 2,705 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Duke Energy by 25.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider’s stock worth $3,852,000 after acquiring an additional 7,319 shares during the period. First Business Financial Services Inc. bought a new stake in Duke Energy in the fourth quarter valued at approximately $384,000. Finally, Pines Wealth Management LLC bought a new position in Duke Energy during the 4th quarter worth approximately $1,032,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of several recent analyst reports. Guggenheim increased their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. BMO Capital Markets lifted their price objective on Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Morgan Stanley upped their target price on Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. UBS Group raised their target price on Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, Jefferies Financial Group boosted their price target on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.87.

Duke Energy Stock Up 1.5 %

Shares of NYSE:DUK opened at $119.42 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $115.17 and its 200 day moving average is $113.70. Duke Energy Co. has a 12-month low of $92.75 and a 12-month high of $121.47. The stock has a market cap of $92.79 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.79 and a beta of 0.48.

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, beating 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 forecast that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were given a $1.045 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.50%. Duke Energy’s dividend payout ratio is currently 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.