Lantz Financial LLC Purchases 106 Shares of Duke Energy Co. (NYSE:DUK)

Lantz Financial LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 6,011 shares of the utilities provider’s stock after acquiring an additional 106 shares during the period. Lantz Financial LLC’s holdings in Duke Energy were worth $648,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Duke Energy by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after buying an additional 442,302 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the last quarter. Swiss National Bank lifted its position in Duke Energy by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock valued at $264,111,000 after purchasing an additional 6,500 shares during the period. Groupama Asset Managment bought a new position in shares of Duke Energy in the 3rd quarter valued at about $2,537,000. Finally, Mackenzie Financial Corp raised its stake in shares of Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE DUK opened at $109.86 on Friday. The company has a fifty day moving average price of $110.26 and a 200 day moving average price of $112.21. The firm has a market cap of $84.87 billion, a PE ratio of 20.20, a PEG ratio of 2.71 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.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) 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 the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 earnings per share. Research analysts predict that Duke Energy Co. will post 5.92 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

Analysts Set New Price Targets

DUK has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Scotiabank lifted their price objective on shares of 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, Morgan Stanley lowered 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.23.

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.