Tompkins Financial Corp Grows Stock Holdings in Duke Energy Co. (NYSE:DUK)

Tompkins Financial Corp lifted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,465 shares of the utilities provider’s stock after purchasing an additional 1,434 shares during the quarter. Tompkins Financial Corp’s holdings in Duke Energy were worth $9,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in Duke Energy in the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy during the 3rd quarter worth $30,000. Winch Advisory Services LLC raised its position in shares of Duke Energy by 332.9% in the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after buying an additional 243 shares during the period. Reston Wealth Management LLC acquired a new position in Duke Energy in the third quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC increased its stake in Duke Energy by 100.0% during the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays boosted their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Scotiabank raised their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley lowered their price target 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. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.23.

Duke Energy Price Performance

Shares of NYSE DUK opened at $109.05 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The business has a 50 day moving average price of $110.59 and a two-hundred day moving average price of $111.83. The firm has a market cap of $84.24 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.64 and a beta of 0.49.

Duke Energy (NYSE:DUK) last released 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). The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 EPS. Sell-side analysts expect that Duke Energy Co. will post 5.94 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.83%. 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.