Money Concepts Capital Corp Grows Stock Holdings in Duke Energy Co. (NYSE:DUK)

Money Concepts Capital Corp raised its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,406 shares of the utilities provider’s stock after purchasing an additional 584 shares during the period. Money Concepts Capital Corp’s holdings in Duke Energy were worth $5,215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. KMG Fiduciary Partners LLC lifted its holdings in Duke Energy by 5.5% in the fourth quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock worth $5,613,000 after buying an additional 2,705 shares during the period. CCM Investment Advisers LLC boosted its position in shares of Duke Energy by 24.3% during the fourth quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock valued at $9,008,000 after purchasing an additional 16,356 shares in the last quarter. Pines Wealth Management LLC bought a new position in Duke Energy in the fourth quarter worth $1,032,000. Fifth Third Bancorp lifted its position in Duke Energy by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock valued at $31,941,000 after buying an additional 9,070 shares during the period. Finally, Corundum Group Inc. purchased a new stake in shares of Duke Energy in the 4th quarter worth about $1,566,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DUK has been the topic of several research reports. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Scotiabank upped 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. BMO Capital Markets lifted their price objective on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley reduced their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.08.

Duke Energy Stock Performance

DUK opened at $112.46 on Wednesday. The company’s 50 day moving average is $109.91 and its 200 day moving average is $112.65. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The company has a market cap of $86.87 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.76 and a beta of 0.50. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25.

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 net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the previous year, the firm earned $1.94 EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that Duke Energy Co. will post 5.91 EPS for the current 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. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.72%. Duke Energy’s 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.