Lindbrook Capital LLC Purchases 110 Shares of Duke Energy Co. (NYSE:DUK)

Lindbrook Capital LLC boosted its holdings in Duke Energy Co. (NYSE:DUK) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,200 shares of the utilities provider’s stock after acquiring an additional 110 shares during the quarter. Lindbrook Capital LLC’s holdings in Duke Energy were worth $345,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DUK. McDonough Capital Management Inc boosted its position in shares of Duke Energy by 10.8% during the fourth quarter. McDonough Capital Management Inc now owns 4,562 shares of the utilities provider’s stock valued at $492,000 after buying an additional 443 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its holdings in shares of Duke Energy by 0.7% during the 4th quarter. Townsend Asset Management Corp NC ADV now owns 32,346 shares of the utilities provider’s stock valued at $3,485,000 after acquiring an additional 211 shares during the last quarter. First Business Financial Services Inc. bought a new stake in shares of Duke Energy in the fourth quarter worth approximately $384,000. Vision Financial Markets LLC purchased a new position in shares of Duke Energy during the fourth quarter valued at approximately $150,000. Finally, Cullen Frost Bankers Inc. lifted its position in Duke Energy by 4.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 14,375 shares of the utilities provider’s stock valued at $1,549,000 after purchasing an additional 643 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Stock Down 0.4 %

Shares of DUK stock opened at $114.79 on Friday. The company has a market capitalization of $89.13 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The company’s fifty day moving average price is $111.64 and its 200-day moving average price is $113.22. Duke Energy Co. has a one year low of $92.75 and a one year high of $121.25.

Duke Energy (NYSE:DUK) last announced 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%. Sell-side analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s payout ratio is currently 73.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Guggenheim upped their price objective on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group raised their target price on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Scotiabank upped their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, 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. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $122.57.

About Duke Energy

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.