Fiduciary Financial Group LLC Has $333,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Fiduciary Financial Group LLC boosted its holdings in Duke Energy Co. (NYSE:DUK) by 3.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,850 shares of the utilities provider’s stock after purchasing an additional 102 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Duke Energy were worth $333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DUK. Brighton Jones LLC raised its stake in Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after purchasing an additional 700 shares in the last quarter. Empowered Funds LLC raised its stake in Duke Energy by 16.6% in the 4th quarter. Empowered Funds LLC now owns 19,365 shares of the utilities provider’s stock worth $2,086,000 after purchasing an additional 2,764 shares in the last quarter. Angeles Wealth Management LLC acquired a new stake in Duke Energy in the 4th quarter worth about $212,000. International Private Wealth Advisors LLC acquired a new stake in Duke Energy in the 4th quarter worth about $295,000. Finally, Principle Wealth Partners LLC raised its stake in Duke Energy by 16.4% in the 4th quarter. Principle Wealth Partners LLC now owns 41,812 shares of the utilities provider’s stock worth $4,505,000 after purchasing an additional 5,898 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

DUK stock opened at $116.28 on Wednesday. Duke Energy Co. has a 1 year low of $99.21 and a 1 year high of $125.27. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The stock has a market cap of $90.38 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.79 and a beta of 0.37. The company has a 50 day simple moving average of $118.17 and a 200 day simple moving average of $114.92.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping 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 firm had revenue of $8.25 billion for the quarter, compared to analyst estimates of $7.70 billion. During the same period in the previous year, the firm posted $1.44 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Friday, May 16th. Duke Energy’s payout ratio is 69.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DUK shares. UBS Group restated a “neutral” rating and issued a $127.00 target price (up from $126.00) on shares of Duke Energy in a research report on Monday, June 2nd. Jefferies Financial Group boosted their target price on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. BMO Capital Markets dropped their target price on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. Finally, Citigroup boosted their target price on shares of Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.81.

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.