Sheets Smith Wealth Management lifted its position in shares of Duke Energy Corp (NYSE:DUK) by 38.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,506 shares of the utilities provider’s stock after buying an additional 5,455 shares during the quarter. Sheets Smith Wealth Management’s holdings in Duke Energy were worth $1,683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. TRUE Private Wealth Advisors purchased a new position in shares of Duke Energy during the third quarter valued at approximately $119,000. Psagot Investment House Ltd. lifted its stake in shares of Duke Energy by 1,514.3% during the third quarter. Psagot Investment House Ltd. now owns 1,695 shares of the utilities provider’s stock valued at $136,000 after buying an additional 1,590 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Duke Energy during the second quarter valued at approximately $140,000. Bell Rock Capital LLC purchased a new position in shares of Duke Energy during the third quarter valued at approximately $144,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Duke Energy by 172.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,182 shares of the utilities provider’s stock valued at $188,000 after buying an additional 1,381 shares during the period. 59.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of DUK stock traded down $0.91 during mid-day trading on Friday, reaching $84.36. The company’s stock had a trading volume of 102,268 shares, compared to its average volume of 3,237,393. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.35. The company has a current ratio of 0.68, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The company has a market cap of $60.46 billion, a PE ratio of 18.46, a P/E/G ratio of 3.40 and a beta of 0.04.

Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.12. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The business had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter last year, the firm posted $1.59 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Duke Energy Corp will post 4.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be paid a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Thursday, February 14th. Duke Energy’s dividend payout ratio is presently 81.18%.

A number of equities analysts have weighed in on DUK shares. Morgan Stanley cut their price target on shares of Duke Energy from $91.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, September 21st. Barclays increased their price target on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Wells Fargo & Co increased their price target on shares of Duke Energy from $86.00 to $89.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Zacks Investment Research downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $88.00 to $87.00 in a research note on Wednesday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.25.

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Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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

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