Mcdaniel Terry & Co. Acquires 2,512 Shares of Duke Energy Co. (NYSE:DUK)

Mcdaniel Terry & Co. increased its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 69.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,117 shares of the utilities provider's stock after purchasing an additional 2,512 shares during the period. 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 made changes to their positions in the stock. Sunpointe LLC grew its stake in shares of Duke Energy by 11.1% during the fourth quarter. Sunpointe LLC now owns 2,277 shares of the utilities provider's stock worth $245,000 after purchasing an additional 228 shares during the period. LMG Wealth Partners LLC grew its stake in shares of 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 during the period. Corps Capital Advisors LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth $726,000. Abacus Planning Group Inc. grew its stake in shares of 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 during the period. Finally, Keene & Associates Inc. grew its stake in shares of 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 during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

NYSE DUK traded up $2.42 during trading on Friday, reaching $115.58. 4,423,961 shares of the company's stock were exchanged, compared to its average volume of 3,366,634. The business has a 50 day moving average price of $109.96 and a 200-day moving average price of $112.97. The stock has a market capitalization of $89.28 billion, a P/E ratio of 20.24, a PEG ratio of 2.76 and a beta of 0.50. 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 Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings results 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%. Sell-side analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, February 14th. Duke Energy's payout ratio is 73.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Scotiabank lifted their price objective 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. BMO Capital Markets lifted their target price on Duke Energy from $119.00 to $124.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Morgan Stanley reduced their target price on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Finally, Jefferies Financial Group boosted their price target on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.62.

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.