Interchange Capital Partners LLC Has $295,000 Stock Position in Duke Energy Co. (NYSE:DUK)

Interchange Capital Partners LLC cut its holdings in shares of Duke Energy Co. (NYSE:DUK) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,743 shares of the utilities provider’s stock after selling 216 shares during the period. Interchange Capital Partners LLC’s holdings in Duke Energy were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Bailard Inc. boosted its stake in Duke Energy by 10.9% in the fourth quarter. Bailard Inc. now owns 31,921 shares of the utilities provider’s stock valued at $3,439,000 after acquiring an additional 3,139 shares during the last quarter. KMG Fiduciary Partners LLC boosted its position in shares of Duke Energy by 5.5% in the 4th quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider’s stock worth $5,613,000 after purchasing an additional 2,705 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Duke Energy by 25.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider’s stock worth $3,852,000 after purchasing an additional 7,319 shares during the period. First Business Financial Services Inc. bought a new stake in Duke Energy in the fourth quarter valued at about $384,000. Finally, Pines Wealth Management LLC acquired a new position in Duke Energy in the fourth quarter valued at about $1,032,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of analyst reports. Scotiabank increased their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. UBS Group increased their target price on shares of Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group upped their price objective 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. Morgan Stanley lifted their target price on Duke Energy from $123.00 to $128.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Finally, Guggenheim increased their price target on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $123.87.

Duke Energy Price Performance

NYSE DUK opened at $118.12 on Tuesday. Duke Energy Co. has a 12-month low of $92.75 and a 12-month high of $121.47. The firm’s 50 day moving average is $114.39 and its 200-day moving average is $113.66. The company has a market capitalization of $91.78 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Equities research analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 73.20%.

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.