JB Capital LLC Has $309,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

JB Capital LLC decreased its stake in Duke Energy Co. (NYSE:DUK) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,870 shares of the utilities provider’s stock after selling 412 shares during the quarter. JB Capital LLC’s holdings in Duke Energy were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in Duke Energy in the third quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy in the third quarter valued at about $30,000. CGC Financial Services LLC lifted its stake in Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after buying an additional 242 shares during the period. Winch Advisory Services LLC lifted its stake in Duke Energy by 332.9% in the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock valued at $34,000 after buying an additional 243 shares during the period. Finally, Reston Wealth Management LLC bought a new stake in shares of Duke Energy in the third quarter worth about $38,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of several recent analyst reports. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. BMO Capital Markets increased their price target on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday. Scotiabank increased their price target on 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 decreased their price objective 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. Finally, KeyCorp downgraded 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.08.

Duke Energy Stock Up 1.1 %

DUK stock opened at $113.21 on Tuesday. 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 business has a 50 day moving average price of $110.03 and a two-hundred day moving average price of $112.57. The company has a market cap of $87.45 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 2.76 and a beta of 0.49. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share 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 company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that Duke Energy Co. will post 5.91 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.69%. Duke Energy’s payout ratio is 76.84%.

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.