Bogart Wealth LLC Has $1.62 Million Stake in Duke Energy Corp (DUK)
Bogart Wealth LLC lessened its position in Duke Energy Corp (NYSE:DUK) by 14.4% in the 4th quarter, Holdings Channel reports. The fund owned 19,255 shares of the utilities provider’s stock after selling 3,239 shares during the period. Duke Energy comprises 1.0% of Bogart Wealth LLC’s investment portfolio, making the stock its 23rd largest holding. Bogart Wealth LLC’s holdings in Duke Energy were worth $1,620,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in DUK. Nelson Roberts Investment Advisors LLC bought a new stake in shares of Duke Energy in the 3rd quarter worth about $112,000. Wealthcare Advisory Partners LLC purchased a new position in Duke Energy in the 3rd quarter worth about $131,000. AllSquare Wealth Management LLC purchased a new position in Duke Energy in the 3rd quarter worth about $155,000. Camarda Financial Advisors LLC increased its stake in Duke Energy by 357.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after buying an additional 1,664 shares during the period. Finally, Westwood Holdings Group Inc. purchased a new position in Duke Energy in the 2nd quarter worth about $181,000. Hedge funds and other institutional investors own 57.23% of the company’s stock.
Duke Energy Corp (DUK) opened at $80.11 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 12-month low of $76.25 and a 12-month high of $91.80. The company has a market cap of $56,070.00, a PE ratio of 21.03, a price-to-earnings-growth ratio of 4.24 and a beta of 0.26.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. equities research analysts expect that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s payout ratio is currently 93.44%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.07% of the stock is owned by insiders.
Several research analysts recently commented on the stock. SunTrust Banks set a $82.00 price target on shares of Duke Energy and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Goldman Sachs Group downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday. Guggenheim reaffirmed a “buy” rating and issued a $96.00 price target on shares of Duke Energy in a research note on Wednesday, January 3rd. Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research downgraded shares of Duke Energy from a “buy” rating to a “sell” rating in a research note on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. Duke Energy has a consensus rating of “Hold” and a consensus target price of $87.26.
Duke Energy Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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