Outfitter Financial LLC Has $1.04 Million Position in Duke Energy Co. (NYSE:DUK)

Outfitter Financial LLC grew its position in Duke Energy Co. (NYSE:DUK) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 9,625 shares of the utilities provider’s stock after purchasing an additional 375 shares during the quarter. Outfitter Financial LLC’s holdings in Duke Energy were worth $1,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PBMares Wealth Management LLC raised its position in Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 86 shares in the last quarter. Kanawha Capital Management LLC increased its stake in shares of Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 92 shares during the last quarter. Baron Wealth Management LLC lifted its position in shares of Duke Energy by 3.5% during the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after buying an additional 92 shares during the last quarter. Clear Creek Financial Management LLC lifted its position in shares of Duke Energy by 4.0% during the 3rd quarter. Clear Creek Financial Management LLC now owns 2,416 shares of the utilities provider’s stock worth $279,000 after buying an additional 93 shares during the last quarter. Finally, Private Wealth Partners LLC grew its position in Duke Energy by 0.6% in the third quarter. Private Wealth Partners LLC now owns 15,982 shares of the utilities provider’s stock valued at $1,843,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Up 1.2 %

NYSE DUK opened at $113.15 on Friday. The firm has a market capitalization of $87.40 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 2.76 and a beta of 0.50. The business’s 50-day moving average price is $109.96 and its two-hundred day moving average price is $112.97. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25.

Duke Energy (NYSE:DUK) last announced its earnings results 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%. On average, analysts expect that Duke Energy Co. will post 6.33 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 annualized dividend and a yield of 3.69%. Duke Energy’s dividend payout ratio is currently 73.20%.

Wall Street Analyst Weigh In

DUK has been the subject of a number of research reports. BMO Capital Markets increased their target price 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. Morgan Stanley dropped their price objective 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. Finally, Scotiabank upped their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price 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.