JB Capital LLC Has $309,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

JB Capital LLC cut its stake in Duke Energy Co. (NYSE:DUK) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,870 shares of the utilities provider’s stock after selling 412 shares during the period. JB Capital LLC’s holdings in Duke Energy were worth $309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DUK. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the 3rd quarter valued at $29,000. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy in the 3rd quarter valued at $30,000. CGC Financial Services LLC increased its stake in shares of Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 242 shares during the last quarter. Winch Advisory Services LLC increased its stake in shares of Duke Energy by 332.9% in the 4th 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 3rd quarter valued at $38,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Up 1.1 %

Shares of NYSE:DUK opened at $113.21 on Tuesday. The company has a market capitalization of $87.45 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 2.76 and a beta of 0.49. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The business’s 50-day moving average is $110.03 and its 200-day moving average is $112.57. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25.

Duke Energy (NYSE:DUK) last announced 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 business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities research analysts predict that Duke Energy Co. will post 5.91 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is 76.84%.

Wall Street Analysts Forecast Growth

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

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.