Duke Energy Co. (NYSE:DUK) Position Lifted by Tudor Financial Inc.

Tudor Financial Inc. raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 33.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,387 shares of the utilities provider’s stock after acquiring an additional 1,363 shares during the quarter. Tudor Financial Inc.’s holdings in Duke Energy were worth $580,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy in the 3rd quarter worth about $30,000. Winch Advisory Services LLC lifted 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 worth $34,000 after buying an additional 243 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Duke Energy in the 3rd quarter worth about $38,000. Finally, Catalyst Capital Advisors LLC lifted its position in shares of Duke Energy by 100.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after buying an additional 167 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DUK has been the topic of several recent research reports. Barclays lifted their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Scotiabank lifted 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. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley cut 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 research report on Friday, November 22nd. Finally, Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average target price of $122.23.

Duke Energy Trading Up 0.3 %

NYSE:DUK opened at $109.34 on Tuesday. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company’s 50 day moving average is $110.47 and its 200-day moving average is $112.05. The firm has a market cap of $84.47 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.64 and a beta of 0.49. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same period last year, the firm posted $1.94 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Co. will post 5.94 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

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.