KPP Advisory Services LLC Has $455,000 Stock Position in Duke Energy Co. (NYSE:DUK)

KPP Advisory Services LLC lifted its stake in shares of Duke Energy Co. (NYSE:DUK) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,226 shares of the utilities provider’s stock after purchasing an additional 670 shares during the quarter. KPP Advisory Services LLC’s holdings in Duke Energy were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DUK. PBMares Wealth Management LLC increased its holdings in shares of Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after buying an additional 86 shares during the period. Castleview Partners LLC grew its position in Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 90 shares during the last quarter. Kanawha Capital Management LLC increased its stake 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 worth $760,000 after purchasing an additional 92 shares during the period. Baron Wealth Management LLC boosted its stake in shares of Duke Energy by 3.5% during the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 92 shares during the period. Finally, Chicago Capital LLC grew its holdings in shares of Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after purchasing an additional 93 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DUK has been the topic of a number of recent analyst reports. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Scotiabank boosted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Morgan Stanley lowered their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.08.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $113.21 on Tuesday. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The firm’s 50 day moving average price is $110.03 and its 200-day moving average price is $112.57. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $87.45 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.76 and a beta of 0.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data 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). The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.94 earnings per share. Equities research analysts expect that Duke Energy Co. will post 5.91 EPS for the current 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 issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.69%. Duke Energy’s dividend payout ratio is currently 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.