TFG Advisers LLC Has $522,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

TFG Advisers LLC grew its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,848 shares of the utilities provider’s stock after purchasing an additional 136 shares during the quarter. TFG Advisers LLC’s holdings in Duke Energy were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy in the third quarter worth about $29,000. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy in the 3rd quarter valued at approximately $30,000. CGC Financial Services LLC boosted its position in Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 242 shares during the period. Winch Advisory Services LLC grew its holdings in Duke Energy by 332.9% during the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 243 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of Duke Energy in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Morgan Stanley lowered their price target on 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. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets lifted their price target on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Scotiabank increased their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy Trading Up 0.4 %

Shares of Duke Energy stock opened at $115.01 on Friday. The company’s fifty day moving average price is $109.78 and its two-hundred day moving average price is $112.67. The firm has a market capitalization of $88.85 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 2.76 and a beta of 0.50. 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 current ratio of 0.70 and a quick ratio of 0.45.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion during 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 business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.94 EPS. On average, analysts expect that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Dividend Announcement

The business 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 dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.63%. Duke Energy’s dividend payout ratio (DPR) is presently 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.