Parr Mcknight Wealth Management Group LLC Takes Position in Duke Energy Co. (NYSE:DUK)

Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Duke Energy Co. (NYSE:DUK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 18,417 shares of the utilities provider's stock, valued at approximately $1,984,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkworth Wealth Management Inc. acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC bought a new stake in shares of Duke Energy in the fourth quarter worth $30,000. Sierra Ocean LLC bought a new stake in shares of Duke Energy in the fourth quarter worth $31,000. Rakuten Securities Inc. lifted its holdings in Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after buying an additional 270 shares during the period. Finally, CGC Financial Services LLC lifted its holdings in Duke Energy by 366.7% in the fourth 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 during the period. Institutional investors own 65.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a report on Friday, February 21st. UBS Group raised their price objective on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Barclays raised their price target on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Finally, BMO Capital Markets lowered their price objective on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.81.

Duke Energy Trading Up 0.8%

Shares of DUK traded up $0.94 during trading hours on Friday, reaching $116.51. 2,683,676 shares of the company traded hands, compared to its average volume of 3,439,012. Duke Energy Co. has a 12 month low of $99.21 and a 12 month high of $125.27. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The company's fifty day moving average price is $119.00 and its two-hundred day moving average price is $114.67. The company has a market capitalization of $90.55 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39.

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

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.59%. Duke Energy's payout ratio is 69.32%.

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.