2,727 Shares in Duke Energy Co. (NYSE:DUK) Purchased by RDA Financial Network

RDA Financial Network acquired a new stake in Duke Energy Co. (NYSE:DUK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,727 shares of the utilities provider's stock, valued at approximately $333,000.

A number of other hedge funds also recently made changes to their positions in DUK. Vermillion Wealth Management Inc. bought a new stake in Duke Energy in the 4th quarter valued at $27,000. Parkworth Wealth Management Inc. acquired a new position in shares of Duke Energy in the fourth quarter valued at $28,000. Mattson Financial Services LLC bought a new position in shares of Duke Energy in the fourth quarter valued at about $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of Duke Energy during the 4th quarter worth about $30,000. Finally, Sierra Ocean LLC acquired a new position in Duke Energy in the 4th quarter valued at about $31,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price objective on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. UBS Group reissued a "neutral" rating and set a $127.00 target price (up previously from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Barclays boosted their target price on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group raised their price target on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and a consensus price target of $125.81.

Duke Energy Price Performance

DUK stock opened at $115.22 on Monday. The company's 50-day moving average price is $118.43 and its two-hundred day moving average price is $114.91. The firm has a market cap of $89.56 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.79 and a beta of 0.37. 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 Co. has a 12 month low of $99.21 and a 12 month high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. The business had revenue of $8.25 billion for the quarter, compared to analysts' expectations of $7.70 billion. During the same period last year, the firm posted $1.44 earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.63%. Duke Energy's dividend payout ratio (DPR) is currently 69.32%.

Duke Energy Company 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.

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