JBR Co Financial Management Inc Sells 676 Shares of Duke Energy Co. (NYSE:DUK)

JBR Co Financial Management Inc lessened its holdings in Duke Energy Co. (NYSE:DUK) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,528 shares of the utilities provider’s stock after selling 676 shares during the period. JBR Co Financial Management Inc’s holdings in Duke Energy were worth $1,027,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Horizon Advisors Inc. grew its position in Duke Energy by 5.0% in the fourth quarter. First Horizon Advisors Inc. now owns 46,578 shares of the utilities provider’s stock valued at $5,018,000 after acquiring an additional 2,213 shares during the last quarter. Pinnacle Financial Partners Inc boosted its stake in shares of Duke Energy by 0.5% during the fourth quarter. Pinnacle Financial Partners Inc now owns 115,974 shares of the utilities provider’s stock valued at $12,942,000 after purchasing an additional 607 shares in the last quarter. Callan Capital LLC boosted its stake in shares of Duke Energy by 36.9% during the fourth quarter. Callan Capital LLC now owns 3,943 shares of the utilities provider’s stock valued at $425,000 after purchasing an additional 1,063 shares in the last quarter. Bell Bank boosted its stake in shares of Duke Energy by 14.1% during the fourth quarter. Bell Bank now owns 84,526 shares of the utilities provider’s stock valued at $9,107,000 after purchasing an additional 10,439 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. acquired a new stake in shares of Duke Energy during the fourth quarter valued at about $5,862,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DUK. Jefferies Financial Group lifted their price target on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday. Scotiabank lifted their price target 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. Morgan Stanley cut their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, BMO Capital Markets lifted their price objective on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.62.

Duke Energy Trading Up 2.1 %

NYSE DUK opened at $115.58 on Friday. The company has a market cap of $89.28 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 2.79 and a beta of 0.50. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The business has a 50 day moving average price of $110.10 and a 200-day moving average price of $113.01. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. As a group, equities analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be issued a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.62%. Duke Energy’s dividend payout ratio (DPR) 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.