Outfitter Financial LLC Purchases 375 Shares of Duke Energy Co. (NYSE:DUK)

Outfitter Financial LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,625 shares of the utilities provider’s stock after buying an additional 375 shares during the period. Outfitter Financial LLC’s holdings in Duke Energy were worth $1,037,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DUK. KMG Fiduciary Partners LLC raised its stake in Duke Energy by 5.5% during the 4th quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock valued at $5,613,000 after purchasing an additional 2,705 shares during the last quarter. Pines Wealth Management LLC acquired a new position in shares of Duke Energy during the fourth quarter valued at about $1,032,000. CCM Investment Advisers LLC lifted its stake in shares of Duke Energy by 24.3% in the fourth quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock valued at $9,008,000 after buying an additional 16,356 shares during the period. Fifth Third Bancorp grew its position in Duke Energy by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock worth $31,941,000 after buying an additional 9,070 shares in the last quarter. Finally, Corundum Group Inc. bought a new position in Duke Energy during the fourth quarter valued at about $1,566,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 1.2 %

DUK stock opened at $113.15 on Friday. 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 Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The company has a market cap of $87.40 billion, a P/E ratio of 19.82, a PEG ratio of 2.76 and a beta of 0.50. The business has a fifty day moving average of $109.96 and a 200-day moving average of $112.97.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping 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 research analysts expect that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is presently 73.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Scotiabank raised their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley lowered their price objective 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.