Duke Energy Co. (NYSE:DUK) Shares Sold by Park Place Capital Corp

Park Place Capital Corp decreased its position in Duke Energy Co. (NYSE:DUK) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,027 shares of the utilities provider’s stock after selling 440 shares during the quarter. Park Place Capital Corp’s holdings in Duke Energy were worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. KMG Fiduciary Partners LLC boosted its position in shares of Duke Energy by 5.5% during the 4th quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock valued at $5,613,000 after purchasing an additional 2,705 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in Duke Energy in the second quarter worth approximately $2,888,000. CCM Investment Advisers LLC increased its holdings in shares of Duke Energy by 24.3% in the fourth quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock valued at $9,008,000 after buying an additional 16,356 shares in the last quarter. Pines Wealth Management LLC bought a new stake in shares of Duke Energy during the 4th quarter worth $1,032,000. Finally, Hilltop Holdings Inc. grew its holdings in shares of Duke Energy by 59.2% in the 3rd quarter. Hilltop Holdings Inc. now owns 23,388 shares of the utilities provider’s stock worth $2,697,000 after acquiring an additional 8,699 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on DUK shares. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Barclays raised their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Scotiabank upped their price target 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 cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley decreased their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Stock Down 0.9 %

DUK opened at $109.81 on Wednesday. The company has a market capitalization of $84.82 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.72 and a beta of 0.49. The business has a 50-day moving average of $110.38 and a 200-day moving average of $112.19. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.

Duke Energy (NYSE:DUK) last posted 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 net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. During the same quarter last year, the firm earned $1.94 earnings per share. Duke Energy’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Duke Energy Co. will post 5.92 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.81%. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

Duke Energy 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.