CMG Global Holdings LLC Has $438,000 Stake in Duke Energy Co. (NYSE:DUK)

CMG Global Holdings LLC lowered its holdings in Duke Energy Co. (NYSE:DUK) by 2.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,026 shares of the utilities provider’s stock after selling 122 shares during the period. CMG Global Holdings LLC’s holdings in Duke Energy were worth $438,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. PBMares Wealth Management LLC increased its position in Duke Energy by 1.8% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after acquiring an additional 86 shares in the last quarter. Castleview Partners LLC increased its holdings in shares of Duke Energy by 4.9% in the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Kanawha Capital Management LLC raised its position in Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 92 shares during the last quarter. Baron Wealth Management LLC lifted its holdings in 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 in the last quarter. Finally, Chicago Capital LLC increased its stake in shares of Duke Energy by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after buying an additional 93 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 1.5 %

NYSE DUK opened at $112.28 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The stock’s 50-day moving average is $110.14 and its 200-day moving average is $112.45. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The firm has a market cap of $86.73 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.73 and a beta of 0.49.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 EPS. Sell-side analysts anticipate that Duke Energy Co. will post 5.91 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be issued 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 dividend yield of 3.72%. Duke Energy’s payout ratio is presently 76.84%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Scotiabank upped their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley reduced their target price on shares of 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. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.23.

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.