Duke Energy Co. (NYSE:DUK) Stock Holdings Lifted by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC raised its stake in Duke Energy Co. (NYSE:DUK) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,097 shares of the utilities provider’s stock after buying an additional 2,705 shares during the period. KMG Fiduciary Partners LLC’s holdings in Duke Energy were worth $5,613,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the third quarter valued at $29,000. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy in the third quarter valued at $30,000. Winch Advisory Services LLC increased its holdings in shares of Duke Energy by 332.9% in the fourth 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. Reston Wealth Management LLC purchased a new position in Duke Energy during the 3rd quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC grew its position in Duke Energy by 100.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DUK. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley lowered their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Barclays lifted their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, Scotiabank boosted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Trading Up 2.4 %

Shares of NYSE:DUK opened at $109.05 on Friday. The stock has a market capitalization of $84.24 billion, a PE ratio of 20.05, a P/E/G ratio of 2.64 and a beta of 0.49. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The firm has a fifty day moving average price of $110.59 and a 200 day moving average price of $111.83.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. Analysts expect that Duke Energy Co. will post 5.94 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business 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 dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 76.84%.

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.