Forvis Mazars Wealth Advisors LLC Decreases Position in Duke Energy Co. (NYSE:DUK)

Forvis Mazars Wealth Advisors LLC decreased its position in shares of Duke Energy Co. (NYSE:DUK) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,619 shares of the utilities provider’s stock after selling 549 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Duke Energy were worth $2,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Duke Energy during the 3rd quarter valued at $29,000. Sierra Ocean LLC purchased a new stake in shares of Duke Energy during the fourth quarter valued at $31,000. CGC Financial Services LLC increased its holdings in Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after buying an additional 242 shares in the last quarter. Winch Advisory Services LLC raised its position in Duke Energy by 332.9% in the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after buying an additional 243 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new position in Duke Energy during the 3rd quarter valued at about $38,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 2.1 %

NYSE DUK opened at $115.58 on Monday. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $89.28 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.79 and a beta of 0.50. The stock’s 50-day moving average price is $110.10 and its 200-day moving average price is $113.00.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. On average, equities research analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 73.20%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of 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. Scotiabank raised their price target on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group upped their price objective on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average price target of $121.62.

About Duke Energy

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.