KMG Fiduciary Partners LLC Has $6.69 Million Position in Duke Energy Co. (NYSE:DUK)

KMG Fiduciary Partners LLC grew its holdings in Duke Energy Co. (NYSE:DUK) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,812 shares of the utilities provider’s stock after purchasing an additional 2,715 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Duke Energy were worth $6,685,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in DUK. Brighton Jones LLC grew its position in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after purchasing an additional 700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Duke Energy by 37.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,912 shares of the utilities provider’s stock valued at $7,461,000 after purchasing an additional 18,604 shares during the last quarter. Financial Advocates Investment Management grew its position in shares of Duke Energy by 28.9% in the fourth quarter. Financial Advocates Investment Management now owns 8,551 shares of the utilities provider’s stock valued at $921,000 after purchasing an additional 1,917 shares during the last quarter. Consolidated Portfolio Review Corp acquired a new stake in shares of Duke Energy in the fourth quarter valued at about $261,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at about $11,086,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.4%

Shares of DUK opened at $115.22 on Friday. Duke Energy Co. has a 12 month low of $99.21 and a 12 month high of $125.27. The company has a 50-day moving average price of $118.43 and a two-hundred day moving average price of $114.91. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The stock has a market cap of $89.56 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 2.79 and a beta of 0.37.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.17. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. The company had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $7.70 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. Duke Energy’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is currently 69.32%.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. BMO Capital Markets decreased their target price on Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company lifted their target price on Duke Energy from $127.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Jefferies Financial Group lifted their target price on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Guggenheim lifted their target price on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $125.81.

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.