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

CMG Global Holdings LLC lessened its stake in Duke Energy Co. (NYSE:DUK) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,026 shares of the utilities provider’s stock after selling 122 shares during the quarter. CMG Global Holdings LLC’s holdings in Duke Energy were worth $438,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. New Century Financial Group LLC bought a new position in Duke Energy during the second quarter valued at approximately $216,000. Sanctuary Advisors LLC bought a new position in shares of Duke Energy during the 2nd quarter valued at $12,749,000. Centaurus Financial Inc. lifted its stake in shares of Duke Energy by 2.0% in the 2nd quarter. Centaurus Financial Inc. now owns 5,302 shares of the utilities provider’s stock valued at $531,000 after purchasing an additional 106 shares during the last quarter. Alternative Investment Advisors LLC. acquired a new position in Duke Energy during the second quarter worth $201,000. Finally, Norman Fields Gottscho Capital Management LLC bought a new position in Duke Energy during the third quarter valued at about $215,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $112.28 on Friday. The firm has a market capitalization of $86.73 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.73 and a beta of 0.49. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The business has a fifty day simple moving average of $110.14 and a 200 day simple moving average of $112.45. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business 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%. Duke Energy’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 earnings per share. Sell-side analysts expect that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Announces Dividend

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 paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.72%. Duke Energy’s dividend payout ratio is currently 76.84%.

Analysts Set New Price Targets

DUK has been the subject of several recent analyst reports. Scotiabank upped their price target on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley lowered 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. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $122.23.

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.