Mcdaniel Terry & Co. Boosts Stake in Duke Energy Co. (NYSE:DUK)

Mcdaniel Terry & Co. lifted its holdings in Duke Energy Co. (NYSE:DUK) by 69.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,117 shares of the utilities provider’s stock after buying an additional 2,512 shares during the quarter. Mcdaniel Terry & Co.’s holdings in Duke Energy were worth $659,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Sunpointe LLC boosted its stake in shares of Duke Energy by 11.1% in the fourth quarter. Sunpointe LLC now owns 2,277 shares of the utilities provider’s stock valued at $245,000 after buying an additional 228 shares in the last quarter. LMG Wealth Partners LLC boosted its position in Duke Energy by 3.3% during the fourth quarter. LMG Wealth Partners LLC now owns 11,358 shares of the utilities provider’s stock worth $1,224,000 after purchasing an additional 364 shares in the last quarter. Corps Capital Advisors LLC purchased a new stake in Duke Energy during the fourth quarter worth $726,000. Abacus Planning Group Inc. boosted its position in Duke Energy by 4.8% during the fourth quarter. Abacus Planning Group Inc. now owns 7,967 shares of the utilities provider’s stock worth $858,000 after purchasing an additional 362 shares in the last quarter. Finally, Keene & Associates Inc. boosted its position in Duke Energy by 1.0% during the fourth quarter. Keene & Associates Inc. now owns 33,270 shares of the utilities provider’s stock worth $3,585,000 after purchasing an additional 333 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Morgan Stanley decreased their target price on 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. Finally, Scotiabank boosted their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy Stock Performance

NYSE DUK opened at $111.78 on Thursday. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The stock has a market cap of $86.34 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.75 and a beta of 0.50. The business has a fifty day moving average of $109.88 and a 200-day moving average of $112.97. 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 released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. As a group, analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced 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 of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.74%. 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.