Woodard & Co. Asset Management Group Inc. ADV Has $2.28 Million Holdings in Duke Energy Co. (NYSE:DUK)

Woodard & Co. Asset Management Group Inc. ADV boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,194 shares of the utilities provider’s stock after buying an additional 189 shares during the period. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Duke Energy were worth $2,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DUK. Legacy Investment Solutions LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at about $30,000. Sierra Ocean LLC acquired a new position in shares of Duke Energy in the 4th quarter valued at about $31,000. CGC Financial Services LLC increased its holdings in shares of Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 242 shares during the period. Finally, Winch Advisory Services LLC grew its stake in shares of Duke Energy by 332.9% in the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 2.0 %

DUK opened at $111.69 on Monday. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $86.27 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 2.83 and a beta of 0.50. The business has a 50 day moving average of $109.85 and a 200-day moving average of $112.98.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. As a group, sell-side analysts anticipate that Duke Energy Co. will post 5.91 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.74%. Duke Energy’s dividend payout ratio is 76.84%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotiabank boosted their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price target on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley lowered their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.08.

Duke Energy Company 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.