Duke Energy Co. (NYSE:DUK) Shares Bought by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. grew its position in shares of Duke Energy Co. (NYSE:DUK) by 69.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,117 shares of the utilities provider’s stock after acquiring an additional 2,512 shares during the period. Mcdaniel Terry & Co.’s holdings in Duke Energy were worth $659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Legacy Investment Solutions LLC acquired a new stake in Duke Energy during the third quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy during the third quarter worth about $30,000. Sierra Ocean LLC acquired a new stake in Duke Energy during the fourth quarter worth about $31,000. CGC Financial Services LLC increased its stake in Duke Energy by 366.7% during the fourth 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. Finally, Winch Advisory Services LLC increased its stake in Duke Energy by 332.9% during the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 243 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DUK shares. BMO Capital Markets upped their target price on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. 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. Finally, Scotiabank upped their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy Trading Up 0.8 %

Shares of DUK opened at $111.78 on Thursday. The company has a market capitalization of $86.34 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.75 and a beta of 0.50. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The stock has a 50-day moving average price of $109.88 and a 200 day moving average price of $112.97.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS 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%. Sell-side analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.74%. The ex-dividend date is Friday, February 14th. Duke Energy’s payout ratio is currently 73.20%.

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.