Duke Energy Co. (NYSE:DUK) Shares Acquired by Linscomb Wealth Inc.

Linscomb Wealth Inc. increased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,911 shares of the utilities provider’s stock after purchasing an additional 2,390 shares during the period. Linscomb Wealth Inc.’s holdings in Duke Energy were worth $9,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. KMG Fiduciary Partners LLC grew its holdings in Duke Energy by 5.5% during the fourth quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock worth $5,613,000 after acquiring an additional 2,705 shares during the period. Pines Wealth Management LLC acquired a new stake in Duke Energy during the fourth quarter valued at $1,032,000. CCM Investment Advisers LLC increased its holdings in Duke Energy by 24.3% in the fourth quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock valued at $9,008,000 after buying an additional 16,356 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Duke Energy by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock worth $31,941,000 after acquiring an additional 9,070 shares during the period. Finally, Corundum Group Inc. acquired a new stake in shares of Duke Energy during the 4th quarter valued at about $1,566,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.2 %

Shares of NYSE:DUK opened at $116.03 on Friday. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. The stock has a market cap of $89.63 billion, a P/E ratio of 20.32, a PEG ratio of 2.79 and a beta of 0.50. The business has a fifty day moving average of $110.85 and a two-hundred day moving average of $113.10. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data 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 net margin of 14.90% and a return on equity of 9.50%. On average, research analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is presently 73.20%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley cut their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. BMO Capital Markets lifted 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. Finally, Scotiabank increased their target price on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.62.

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.