ROI Financial Advisors LLC Reduces Holdings in Duke Energy Co. (NYSE:DUK)

ROI Financial Advisors LLC cut its holdings in Duke Energy Co. (NYSE:DUK) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,263 shares of the utilities provider’s stock after selling 100 shares during the period. Duke Energy accounts for 0.9% of ROI Financial Advisors LLC’s portfolio, making the stock its 29th largest holding. ROI Financial Advisors LLC’s holdings in Duke Energy were worth $1,321,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Parkworth Wealth Management Inc. bought a new stake in Duke Energy during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy during the 3rd quarter valued at $29,000. WealthTrak Capital Management LLC purchased a new position in shares of Duke Energy during the 4th quarter valued at $30,000. Sierra Ocean LLC bought a new position in Duke Energy in the 4th quarter worth $31,000. Finally, Rakuten Securities Inc. raised its holdings in Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 270 shares during the period. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Scotiabank upped their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Morgan Stanley upped their target price on shares of Duke Energy from $123.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Guggenheim lifted their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group raised 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, February 21st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.87.

Duke Energy Trading Down 4.1 %

Shares of DUK opened at $118.91 on Friday. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $125.27. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The company’s fifty day simple moving average is $116.33 and its 200-day simple moving average is $113.88. The company has a market cap of $92.40 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.79 and a beta of 0.39.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. As a group, analysts expect that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were paid a $1.045 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.52%. Duke Energy’s payout ratio is 73.20%.

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.