Capital Advantage Inc. Invests $263,000 in Duke Energy Co. (NYSE:DUK)

Capital Advantage Inc. bought a new stake in Duke Energy Co. (NYSE:DUK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,439 shares of the utilities provider's stock, valued at approximately $263,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Parkworth Wealth Management Inc. acquired a new position in shares of Duke Energy in the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new position in shares of Duke Energy during the fourth quarter valued at $30,000. Rakuten Securities Inc. boosted its stake in shares of Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Duke Energy in the 4th quarter worth about $31,000. Finally, CGC Financial Services LLC increased its position in shares of Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Price Performance

Shares of DUK stock opened at $122.95 on Wednesday. The firm's 50 day moving average price is $119.27 and its two-hundred day moving average price is $114.58. The stock has a market cap of $95.54 billion, a PE ratio of 21.53, a PEG ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 52-week low of $99.21 and a 52-week high of $125.27. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The business had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, analysts forecast that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy's dividend payout ratio (DPR) is 73.20%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DUK. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. BMO Capital Markets decreased their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Barclays lifted their price objective on Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Jefferies Financial Group increased their target price on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Morgan Stanley lifted their price target on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.87.

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.

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