Timonier Family Office LTD. Acquires Shares of 3,372 Duke Energy Co. (NYSE:DUK)

Timonier Family Office LTD. acquired a new stake in shares of Duke Energy Co. (NYSE:DUK) during the 4th quarter, Holdings Channel.com reports. The fund acquired 3,372 shares of the utilities provider’s stock, valued at approximately $363,000.

Several other institutional investors also recently made changes to their positions in DUK. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy during the third quarter valued at approximately $29,000. Sierra Ocean LLC bought a new position in shares of Duke Energy during the fourth quarter valued at approximately $31,000. CGC Financial Services LLC grew its holdings in shares of Duke Energy by 366.7% during the fourth 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 grew its holdings in shares of 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, Centricity Wealth Management LLC bought a new position in shares of Duke Energy during the fourth quarter valued at approximately $36,000. 65.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DUK. Morgan Stanley lowered their target price 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. Scotiabank increased their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets increased their price objective on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $122.08.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $113.15 on Friday. The stock has a fifty day moving average price of $109.96 and a two-hundred day moving average price of $112.97. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The firm has a market cap of $87.40 billion, a P/E ratio of 19.82, a PEG ratio of 2.74 and a beta of 0.50. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company 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 3.69%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is currently 73.20%.

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.