Csenge Advisory Group Grows Stake in Duke Energy Co. (NYSE:DUK)

Csenge Advisory Group raised its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 12.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,974 shares of the utilities provider's stock after purchasing an additional 3,993 shares during the period. Csenge Advisory Group's holdings in Duke Energy were worth $3,768,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in Duke Energy in the third quarter worth approximately $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at $30,000. CGC Financial Services LLC grew its holdings in Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after acquiring 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 acquiring an additional 243 shares during the period. Finally, Reston Wealth Management LLC acquired a new stake in shares of Duke Energy in the 3rd quarter valued at approximately $38,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Up 1.2 %

Shares of NYSE DUK traded up $1.36 during trading on Thursday, reaching $113.15. The company had a trading volume of 3,159,487 shares, compared to its average volume of 3,334,588. The stock has a market cap of $87.40 billion, a PE ratio of 19.82, a P/E/G ratio of 2.74 and a beta of 0.50. 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 Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The business's 50-day moving average is $109.88 and its 200 day moving average is $112.97.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating 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%. As a group, equities analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Friday, February 14th. Duke Energy's dividend payout ratio (DPR) is currently 73.20%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their target price 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. Scotiabank boosted their price target on 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, Morgan Stanley lowered their target price 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. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Duke Energy currently has a consensus rating of "Moderate Buy" and an average price target of $122.08.

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.