MBA Advisors LLC Has $524,000 Stake in Duke Energy Co. (NYSE:DUK)

MBA Advisors LLC reduced its holdings in Duke Energy Co. (NYSE:DUK) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,864 shares of the utilities provider’s stock after selling 145 shares during the quarter. MBA Advisors LLC’s holdings in Duke Energy were worth $524,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in DUK. Legacy Investment Solutions LLC acquired a new stake in Duke Energy during the third quarter worth $29,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the 3rd quarter worth about $30,000. CGC Financial Services LLC grew its stake 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 boosted its position in 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 buying an additional 243 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new stake in Duke Energy in the third quarter worth about $38,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Trading Up 0.4 %

Shares of Duke Energy stock opened at $115.01 on Monday. 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 quick ratio of 0.45 and a current ratio of 0.70. The firm has a 50-day moving average of $109.73 and a 200-day moving average of $112.76. The stock has a market cap of $88.85 billion, a PE ratio of 21.14, a PEG ratio of 2.83 and a beta of 0.50.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. Duke Energy’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.63%. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Wall Street Analyst Weigh In

DUK has been the topic of several recent research reports. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Scotiabank boosted their price objective 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. Morgan Stanley reduced their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets upped their price target on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy 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.