Duke Energy Co. (NYSE:DUK) Position Raised by Callan Capital LLC

Callan Capital LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 36.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,943 shares of the utilities provider’s stock after purchasing an additional 1,063 shares during the period. Callan Capital LLC’s holdings in Duke Energy were worth $425,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. KMG Fiduciary Partners LLC grew its position in Duke Energy by 5.5% in the fourth quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock worth $5,613,000 after buying an additional 2,705 shares during the last quarter. Pines Wealth Management LLC acquired a new stake in shares of Duke Energy during the 4th quarter valued at $1,032,000. CCM Investment Advisers LLC boosted its stake in shares of Duke Energy by 24.3% during the 4th 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 during the period. Fifth Third Bancorp boosted its stake in shares of Duke Energy by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock valued at $31,941,000 after buying an additional 9,070 shares during the period. Finally, Corundum Group Inc. acquired a new stake in shares of Duke Energy in the 4th quarter valued at $1,566,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the subject of several analyst reports. BMO Capital Markets lifted their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank upped their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group upped their target price on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.62.

Duke Energy Stock Performance

NYSE DUK opened at $115.58 on Friday. The firm has a 50-day moving average of $110.10 and a 200-day moving average of $113.01. 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 stock has a market cap of $89.28 billion, a PE ratio of 20.24, a P/E/G ratio of 2.79 and a beta of 0.50. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 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.