Murphy & Mullick Capital Management Corp Purchases New Holdings in Duke Energy Co. (NYSE:DUK)

Murphy & Mullick Capital Management Corp acquired a new position in Duke Energy Co. (NYSE:DUK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 553 shares of the utilities provider’s stock, valued at approximately $60,000.

Other institutional investors have also recently bought and sold shares of the company. Parkworth Wealth Management Inc. purchased a new position in shares of Duke Energy in the 4th quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in Duke Energy in the third quarter valued at about $29,000. Sierra Ocean LLC bought a new position in shares of Duke Energy during the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. increased its stake in shares of Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Finally, CGC Financial Services LLC lifted its stake 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 purchasing an additional 242 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE DUK opened at $117.67 on Friday. The stock’s 50-day simple moving average is $114.97 and its two-hundred day simple moving average is $113.71. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $121.47. The firm has a market capitalization of $91.43 billion, a P/E ratio of 20.61, a P/E/G ratio of 2.79 and a beta of 0.48. 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 (NYSE:DUK) last posted 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 net margin of 14.90% and a return on equity of 9.50%. As a group, equities analysts anticipate 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 was paid on Monday, March 17th. Stockholders of record on Friday, February 14th were issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Friday, February 14th. Duke Energy’s dividend payout ratio is currently 73.20%.

Analyst Ratings Changes

DUK has been the topic of several research reports. BMO Capital Markets boosted their target price on Duke Energy from $123.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Morgan Stanley boosted their price objective on Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. UBS Group lifted their target price on shares of Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Jefferies Financial Group upped their price target on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Guggenheim lifted their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average target price of $123.87.

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.