Callan Family Office LLC raised its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 416.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,222 shares of the utilities provider's stock after buying an additional 9,856 shares during the quarter. Callan Family Office LLC's holdings in Duke Energy were worth $1,317,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in Duke Energy during the third quarter valued at $29,000. Sierra Ocean LLC purchased a new position in Duke Energy during the fourth quarter valued at $31,000. CGC Financial Services LLC raised its stake in 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 buying an additional 242 shares during the last quarter. Winch Advisory Services LLC raised its stake in shares of Duke Energy by 332.9% in the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider's stock worth $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 fourth quarter worth $36,000. Hedge funds and other institutional investors own 65.31% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on DUK. Jefferies Financial Group boosted their price target on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Guggenheim boosted their price target on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday. Scotiabank boosted their price target on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Morgan Stanley decreased their price target on 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. Finally, BMO Capital Markets upped their price objective on Duke Energy from $119.00 to $124.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.57.
Read Our Latest Stock Analysis on Duke Energy
Duke Energy Stock Performance
NYSE:DUK traded up $1.94 during mid-day trading on Friday, hitting $116.78. 3,479,247 shares of the company traded hands, compared to its average volume of 3,428,490. The stock's fifty day moving average price is $111.81 and its 200-day moving average price is $113.25. Duke Energy Co. has a one year low of $92.75 and a one year high of $121.25. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The firm has a market cap of $90.68 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48.
Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Research analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The company 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 dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy's payout ratio is presently 73.20%.
About Duke Energy
(
Free Report)
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.
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