E&G Advisors LP Purchases 200 Shares of Duke Energy Co. (NYSE:DUK)

E&G Advisors LP raised its holdings in shares of Duke Energy Co. (NYSE:DUK) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,700 shares of the utilities provider’s stock after purchasing an additional 200 shares during the period. E&G Advisors LP’s holdings in Duke Energy were worth $614,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pathway Financial Advisers LLC lifted its position in Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after acquiring an additional 6,719,398 shares during the last quarter. Groupama Asset Managment purchased a new position in Duke Energy during the 3rd quarter worth approximately $2,537,000. Zimmer Partners LP acquired a new stake in Duke Energy during the third quarter valued at $166,263,000. Assenagon Asset Management S.A. grew its holdings in Duke Energy by 155.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock valued at $201,832,000 after purchasing an additional 1,138,979 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after purchasing an additional 1,117,526 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of NYSE:DUK opened at $113.21 on Tuesday. The firm has a market capitalization of $87.45 billion, a PE ratio of 20.81, a P/E/G ratio of 2.76 and a beta of 0.49. Duke Energy Co. has a 12 month low of $90.09 and a 12 month 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. The business has a 50-day moving average of $110.03 and a two-hundred day moving average of $112.57.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter in the prior year, the firm earned $1.94 earnings per share. Duke Energy’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts forecast that Duke Energy Co. will post 5.91 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley lowered 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. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. BMO Capital Markets increased their target price on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Monday. Finally, 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 report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.08.

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.