Duke Energy Co. (NYSE:DUK) Shares Bought by Bfsg LLC

Bfsg LLC boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,549 shares of the utilities provider’s stock after buying an additional 1,032 shares during the quarter. Bfsg LLC’s holdings in Duke Energy were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PBMares Wealth Management LLC grew its position in Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after buying an additional 86 shares during the period. Kanawha Capital Management LLC grew its position in Duke Energy by 1.4% during the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after buying an additional 92 shares during the period. Baron Wealth Management LLC grew its position in shares of Duke Energy by 3.5% in the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 92 shares during the last quarter. Private Wealth Partners LLC grew its position in shares of Duke Energy by 0.6% in the third quarter. Private Wealth Partners LLC now owns 15,982 shares of the utilities provider’s stock valued at $1,843,000 after purchasing an additional 93 shares during the last quarter. Finally, Clear Creek Financial Management LLC grew its position in shares of Duke Energy by 4.0% in the third quarter. Clear Creek Financial Management LLC now owns 2,416 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 93 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

NYSE:DUK opened at $110.85 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The company has a market cap of $85.63 billion, a P/E ratio of 20.38, a P/E/G ratio of 2.83 and a beta of 0.50. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The firm’s 50 day moving average is $109.84 and its two-hundred day moving average is $112.98.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Analysts expect that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 76.84%.

Wall Street Analyst Weigh In

DUK has been the topic of several research reports. BMO Capital Markets increased their price target on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Scotiabank increased 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. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley lowered 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. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company 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.