Csenge Advisory Group Has $3.77 Million Position in Duke Energy Co. (NYSE:DUK)

Csenge Advisory Group boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 12.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,974 shares of the utilities provider’s stock after purchasing an additional 3,993 shares during the quarter. Csenge Advisory Group’s holdings in Duke Energy were worth $3,768,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DUK. Creative Planning raised its stake in Duke Energy by 9.3% during the third quarter. Creative Planning now owns 304,434 shares of the utilities provider’s stock worth $35,101,000 after acquiring an additional 25,937 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Duke Energy by 1.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 98,182 shares of the utilities provider’s stock valued at $11,320,000 after buying an additional 1,441 shares in the last quarter. LexAurum Advisors LLC acquired a new stake in shares of Duke Energy in the third quarter valued at $216,000. V Square Quantitative Management LLC increased its stake in shares of Duke Energy by 5.1% in the third quarter. V Square Quantitative Management LLC now owns 7,137 shares of the utilities provider’s stock valued at $823,000 after buying an additional 344 shares in the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of Duke Energy in the third quarter valued at $260,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUK has been the subject of a number of research reports. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Scotiabank raised their price target on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley decreased their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets raised their price target on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.08.

Duke Energy Trading Down 2.0 %

NYSE:DUK opened at $111.69 on Friday. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. 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 has a market capitalization of $86.27 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. The business’s 50-day simple moving average is $109.85 and its 200-day simple moving average is $112.96.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Sell-side analysts expect that Duke Energy Co. will post 5.91 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is presently 76.84%.

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.