AdvisorNet Financial Inc Has $208,000 Stake in Duke Energy Co. (NYSE:DUK)

AdvisorNet Financial Inc raised its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,143 shares of the utilities provider’s stock after acquiring an additional 319 shares during the period. AdvisorNet Financial Inc’s holdings in Duke Energy were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. CKW Financial Group acquired a new position in Duke Energy in the third quarter valued at about $25,000. Chilton Capital Management LLC acquired a new position in Duke Energy in the first quarter valued at about $28,000. FSC Wealth Advisors LLC acquired a new position in Duke Energy in the third quarter valued at about $29,000. Fairfield Bush & CO. acquired a new position in Duke Energy in the first quarter valued at about $40,000. Finally, Compass Wealth Management LLC acquired a new position in Duke Energy in the fourth quarter valued at about $41,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUK has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Bank of America cut Duke Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $105.00 to $96.00 in a research report on Monday, February 12th. KeyCorp upped their price objective on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Read Our Latest Report on Duke Energy

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the transaction, the executive vice president now owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Duke Energy Stock Performance

DUK opened at $96.55 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. The business’s 50-day simple moving average is $94.07 and its 200 day simple moving average is $92.97. The firm has a market capitalization of $74.48 billion, a PE ratio of 27.20, a PEG ratio of 2.58 and a beta of 0.46. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $100.39.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS. As a group, sell-side analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, February 16th were paid a dividend of $1.025 per share. The ex-dividend date was Thursday, February 15th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.25%. Duke Energy’s dividend payout ratio (DPR) is currently 115.49%.

About Duke Energy

(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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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