Financial Management Professionals Inc. Has $676,000 Position in Duke Energy Co. (NYSE:DUK)

Financial Management Professionals Inc. increased its position in shares of Duke Energy Co. (NYSE:DUK) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,270 shares of the utilities provider’s stock after purchasing an additional 584 shares during the period. Financial Management Professionals Inc.’s holdings in Duke Energy were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. PBMares Wealth Management LLC raised its holdings in Duke Energy by 1.8% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after acquiring an additional 86 shares in the last quarter. Castleview Partners LLC raised its holdings in Duke Energy by 4.9% in the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 90 shares in the last quarter. Kanawha Capital Management LLC raised its holdings in Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after acquiring an additional 92 shares in the last quarter. Baron Wealth Management LLC raised its holdings in Duke Energy by 3.5% in the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 92 shares in the last quarter. Finally, Chicago Capital LLC raised its holdings in Duke Energy by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after acquiring an additional 93 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Scotiabank lifted their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report 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 on the stock in a research note on Friday, November 22nd. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, Barclays lifted their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.23.

Duke Energy Trading Up 0.3 %

Shares of DUK stock opened at $109.34 on Friday. The stock’s fifty day simple moving average is $110.47 and its 200 day simple moving average is $111.88. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The firm has a market capitalization of $84.47 billion, a P/E 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 released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the firm posted $1.94 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Duke Energy Co. will post 5.94 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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

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.