Teamwork Financial Advisors LLC Raises Holdings in Duke Energy Co. (NYSE:DUK)

by · The Markets Daily

Teamwork Financial Advisors LLC grew its stake in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,585 shares of the utilities provider’s stock after acquiring an additional 150 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Duke Energy were worth $228,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DUK. Catalyst Financial Partners LLC lifted its stake in shares of Duke Energy by 28.6% during the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock valued at $355,000 after buying an additional 894 shares during the period. Fiduciary Alliance LLC purchased a new position in Duke Energy during the second quarter worth about $118,000. Adviser Investments LLC acquired a new stake in Duke Energy in the 3rd quarter worth about $304,000. International Assets Investment Management LLC grew its holdings in Duke Energy by 2.6% in the 2nd quarter. International Assets Investment Management LLC now owns 8,760 shares of the utilities provider’s stock valued at $783,000 after buying an additional 224 shares during the period. Finally, Guggenheim Capital LLC increased its stake in shares of Duke Energy by 13.1% during the 2nd quarter. Guggenheim Capital LLC now owns 191,379 shares of the utilities provider’s stock valued at $17,174,000 after acquiring an additional 22,100 shares during the last quarter. Institutional investors and hedge funds own 63.68% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Duke Energy from $93.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, November 21st. Wells Fargo & Company raised shares of Duke Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $94.00 to $103.00 in a research note on Thursday, November 30th. JPMorgan Chase & Co. lifted their target price on Duke Energy from $98.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, November 29th. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Finally, Guggenheim cut their price target on shares of Duke Energy from $102.00 to $93.00 in a report on Monday, October 9th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $100.00.

Check Out Our Latest Report on Duke Energy

Duke Energy Stock Up 1.3 %

NYSE DUK opened at $98.46 on Tuesday. The stock has a market cap of $75.88 billion, a PE ratio of 62.71, a P/E/G ratio of 2.60 and a beta of 0.47. The business has a 50 day moving average price of $94.19 and a two-hundred day moving average price of $91.86. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $105.45. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 1.43.

Duke Energy (NYSE:DUK – Get Free Report) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.02. Duke Energy had a net margin of 4.47% and a return on equity of 8.24%. The business had revenue of $7.99 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that Duke Energy Co. will post 5.59 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 16th will be issued a $1.025 dividend. This represents a $4.10 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is presently 261.15%.

Duke Energy Profile

(Free Report)

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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.

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