Mutual of America Capital Management LLC Sells 2,523 Shares of Duke Energy Co. (NYSE:DUK)

Mutual of America Capital Management LLC lessened its holdings in Duke Energy Co. (NYSE:DUK) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,527 shares of the utilities provider’s stock after selling 2,523 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Duke Energy were worth $9,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. KMG Fiduciary Partners LLC boosted its stake in Duke Energy by 5.5% in the fourth quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock valued at $5,613,000 after buying an additional 2,705 shares in the last quarter. Pines Wealth Management LLC acquired a new stake in shares of Duke Energy in the 4th quarter valued at approximately $1,032,000. CCM Investment Advisers LLC grew its holdings in shares of Duke Energy by 24.3% during the 4th quarter. CCM Investment Advisers LLC now owns 83,610 shares of the utilities provider’s stock valued at $9,008,000 after purchasing an additional 16,356 shares during the last quarter. Fifth Third Bancorp increased its position in Duke Energy by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 296,463 shares of the utilities provider’s stock worth $31,941,000 after purchasing an additional 9,070 shares in the last quarter. Finally, Corundum Group Inc. bought a new position in Duke Energy in the 4th quarter valued at approximately $1,566,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Duke Energy stock opened at $117.50 on Friday. The firm has a market cap of $90.77 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.79 and a beta of 0.50. The stock’s 50 day moving average is $111.03 and its 200 day moving average is $113.13. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts expect that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 73.20%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DUK shares. 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. Morgan Stanley lowered their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. BMO Capital Markets lifted their price target on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group boosted their price target on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.62.

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.