Community Financial Services Group LLC Cuts Stake in Duke Energy Co. (NYSE:DUK)

Community Financial Services Group LLC lessened its stake in Duke Energy Co. (NYSE:DUK) by 19.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,519 shares of the utilities provider’s stock after selling 1,088 shares during the quarter. Community Financial Services Group LLC’s holdings in Duke Energy were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy during the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC bought a new position in Duke Energy during the third quarter valued at approximately $30,000. CGC Financial Services LLC grew its holdings in Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after buying an additional 242 shares in the last quarter. Winch Advisory Services LLC increased its stake in Duke Energy by 332.9% in the 4th 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. Finally, Reston Wealth Management LLC purchased a new stake in shares of Duke Energy during the 3rd quarter worth approximately $38,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 1.0 %

Shares of DUK opened at $116.70 on Wednesday. The firm has a market capitalization of $90.15 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.83 and a beta of 0.50. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The firm has a fifty day moving average price of $109.74 and a 200-day moving average price of $112.85. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

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 paid 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 3.58%. Duke Energy’s dividend payout ratio is currently 76.84%.

Wall Street Analyst Weigh In

DUK has been the topic of several research reports. BMO Capital Markets boosted their price target on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Scotiabank raised their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley cut their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Six equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.08.

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.