Financial Management Professionals Inc. Buys 690 Shares of Duke Energy Co. (NYSE:DUK)

Financial Management Professionals Inc. lifted its stake in shares of Duke Energy Co. (NYSE:DUKFree Report) by 12.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,400 shares of the utilities provider’s stock after acquiring an additional 690 shares during the quarter. Financial Management Professionals Inc.’s holdings in Duke Energy were worth $621,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DUK. Davis Investment Partners LLC lifted its holdings in shares of Duke Energy by 7.1% in the 4th quarter. Davis Investment Partners LLC now owns 19,386 shares of the utilities provider’s stock worth $1,909,000 after acquiring an additional 1,280 shares during the last quarter. Clarity Financial LLC boosted its position in Duke Energy by 35.5% during the fourth quarter. Clarity Financial LLC now owns 224,861 shares of the utilities provider’s stock valued at $21,821,000 after buying an additional 58,949 shares during the period. Bay Rivers Group purchased a new position in shares of Duke Energy in the fourth quarter worth about $207,000. LVM Capital Management Ltd. MI lifted its stake in shares of Duke Energy by 3.8% in the 4th quarter. LVM Capital Management Ltd. MI now owns 4,224 shares of the utilities provider’s stock valued at $410,000 after acquiring an additional 156 shares during the last quarter. Finally, Fortress Wealth Group LLC grew its position in Duke Energy by 10.6% during the 4th quarter. Fortress Wealth Group LLC now owns 2,999 shares of the utilities provider’s stock worth $298,000 after acquiring an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 63.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DUK. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Wells Fargo & Company reduced their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. JPMorgan Chase & Co. boosted their target price on Duke Energy from $98.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, November 29th. Finally, Bank of America cut shares of Duke Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $105.00 to $96.00 in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $100.00.

Get Our Latest Research Report on Duke Energy

Duke Energy Price Performance

DUK stock traded down $0.45 during midday trading on Thursday, hitting $94.96. The company’s stock had a trading volume of 2,735,230 shares, compared to its average volume of 3,200,488. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. The company has a 50 day moving average of $94.31 and a two-hundred day moving average of $92.68. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.39. The firm has a market capitalization of $73.26 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 3.02 and a beta of 0.46.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. On average, analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 16th were paid a $1.025 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.10 annualized dividend and a yield of 4.32%. Duke Energy’s dividend payout ratio (DPR) is presently 115.49%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the sale, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Duke Energy Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUKFree Report).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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