Jackson Hole Capital Partners LLC Grows Stock Holdings in Duke Energy Co. (NYSE:DUK)

Jackson Hole Capital Partners LLC raised its position in shares of Duke Energy Co. (NYSE:DUK) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,353 shares of the utilities provider’s stock after buying an additional 829 shares during the quarter. Duke Energy comprises about 1.0% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 26th largest holding. Jackson Hole Capital Partners LLC’s holdings in Duke Energy were worth $4,886,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of Duke Energy in the 3rd quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new position in shares of Duke Energy in the 4th quarter valued at approximately $31,000. CGC Financial Services LLC raised its position in shares of Duke Energy by 366.7% in the 4th 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 raised its position in shares of 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 purchasing an additional 243 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of Duke Energy in the 4th quarter valued at approximately $36,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Scotiabank increased 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. Guggenheim increased their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley cut their price target 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. BMO Capital Markets increased their price target on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group increased their price target on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.57.

Duke Energy Price Performance

Shares of NYSE DUK opened at $116.78 on Friday. The stock has a market capitalization of $90.68 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a 12 month low of $92.75 and a 12 month high of $121.25. The firm’s 50 day simple moving average is $111.81 and its 200-day simple moving average is $113.25. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44.

Duke Energy (NYSE:DUK) last released 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 net margin of 14.90% and a return on equity of 9.50%. Analysts expect that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

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 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 3.58%. Duke Energy’s dividend payout ratio is currently 73.20%.

About Duke Energy

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.