McLean Asset Management Corp Buys 102 Shares of Duke Energy Co. (NYSE:DUK)

McLean Asset Management Corp grew its stake in shares of Duke Energy Co. (NYSE:DUK) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,581 shares of the utilities provider’s stock after buying an additional 102 shares during the quarter. McLean Asset Management Corp’s holdings in Duke Energy were worth $278,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DUK. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy in the third quarter worth $29,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy in the third quarter worth $30,000. Winch Advisory Services LLC grew its stake 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 worth $34,000 after purchasing an additional 243 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Duke Energy in the third quarter worth $38,000. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

Duke Energy Trading Up 0.5 %

Shares of DUK stock opened at $109.86 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 debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The company has a 50-day simple moving average of $110.26 and a two-hundred day simple moving average of $112.36. The company has a market capitalization of $84.87 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.71 and a beta of 0.49.

Duke Energy (NYSE:DUK) last issued 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). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts anticipate that Duke Energy Co. will post 5.92 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced 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 3.80%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 76.84%.

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.