Birmingham Capital Management Co. Inc. AL Has $3.51 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Birmingham Capital Management Co. Inc. AL cut its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,427 shares of the utilities provider’s stock after selling 350 shares during the period. Duke Energy accounts for approximately 1.3% of Birmingham Capital Management Co. Inc. AL’s holdings, making the stock its 25th biggest holding. Birmingham Capital Management Co. Inc. AL’s holdings in Duke Energy were worth $3,508,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DUK. Pathway Financial Advisers LLC lifted its stake in shares of Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after purchasing an additional 6,719,398 shares during the period. Groupama Asset Managment bought a new position in Duke Energy during the third quarter worth about $2,537,000. Zimmer Partners LP acquired a new position in shares of Duke Energy during the 3rd quarter worth about $166,263,000. International Assets Investment Management LLC increased its stake in shares of Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after acquiring an additional 1,117,526 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after acquiring an additional 813,744 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DUK shares. Morgan Stanley lowered their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Barclays boosted their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. BMO Capital Markets lifted their price objective on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Finally, KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $122.23.

Duke Energy Stock Up 0.3 %

Shares of NYSE DUK traded up $0.33 during trading hours on Friday, hitting $109.49. The company had a trading volume of 710,547 shares, compared to its average volume of 3,044,749. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The firm’s 50 day moving average is $114.49 and its 200-day moving average is $110.75. The stock has a market capitalization of $84.58 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.90 and a beta of 0.47.

Duke Energy (NYSE:DUK) last announced 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). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period last year, the business earned $1.94 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.82%. Duke Energy’s dividend payout ratio is currently 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.