FLC Capital Advisors Has $374,000 Position in Duke Energy Co. (NYSE:DUK)

FLC Capital Advisors grew its holdings in shares of Duke Energy Co. (NYSE:DUK) by 36.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,852 shares of the utilities provider’s stock after acquiring an additional 1,021 shares during the period. FLC Capital Advisors’ holdings in Duke Energy were worth $374,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. CKW Financial Group bought a new position in shares of Duke Energy during the 3rd quarter worth approximately $25,000. Chilton Capital Management LLC bought a new position in shares of Duke Energy during the 1st quarter worth approximately $28,000. FSC Wealth Advisors LLC bought a new position in shares of Duke Energy during the 3rd quarter worth approximately $29,000. Fairfield Bush & CO. bought a new position in shares of Duke Energy during the 1st quarter worth approximately $40,000. Finally, Compass Wealth Management LLC bought a new position in shares of Duke Energy during the 4th quarter worth approximately $41,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DUK shares. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $98.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 29th. KeyCorp lifted their price target on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. BMO Capital Markets lowered their price target on shares of Duke Energy from $101.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. Finally, Bank of America cut shares of Duke Energy from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $105.00 to $96.00 in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

Duke Energy Price Performance

Shares of DUK traded up $2.43 during mid-day trading on Wednesday, reaching $96.10. 3,165,107 shares of the stock traded hands, compared to its average volume of 3,158,994. The firm has a fifty day moving average price of $94.02 and a 200 day moving average price of $92.88. The company has a market cap of $74.14 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 3.01 and a beta of 0.46. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.39.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter last year, the firm posted $1.11 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts predict that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 16th were paid a $1.025 dividend. This represents a $4.10 annualized dividend and a yield of 4.27%. The ex-dividend date was Thursday, February 15th. Duke Energy’s dividend payout ratio is presently 115.49%.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the sale, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

About Duke Energy

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.