TFG Advisers LLC Has $522,000 Holdings in Duke Energy Co. (NYSE:DUK)

TFG Advisers LLC grew its position in Duke Energy Co. (NYSE:DUK) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,848 shares of the utilities provider’s stock after buying an additional 136 shares during the quarter. TFG Advisers LLC’s holdings in Duke Energy were worth $522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Duke Energy in the third quarter worth $29,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the 3rd quarter worth about $30,000. CGC Financial Services LLC increased its position in Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 242 shares in the last quarter. Winch Advisory Services LLC raised its stake in shares of Duke Energy by 332.9% in the fourth 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 acquired a new position in shares of Duke Energy during the third quarter worth approximately $38,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Trading Up 0.4 %

Shares of NYSE DUK opened at $115.01 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The company’s fifty day moving average is $109.78 and its 200-day moving average is $112.67. The stock has a market cap of $88.85 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 2.76 and a beta of 0.50.

Duke Energy (NYSE:DUK) last posted its earnings results 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 business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 earnings per share. Equities research analysts predict that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid a dividend of $1.045 per share. 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 3.63%. Duke Energy’s payout ratio is 76.84%.

Wall Street Analyst Weigh In

DUK has been the topic of several research reports. Morgan Stanley reduced their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Scotiabank lifted their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets lifted 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. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.08.

Duke Energy 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.