Aurora Private Wealth Inc. purchased a new stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,141 shares of the utilities provider's stock, valued at approximately $1,603,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Duke Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock worth $7,852,731,000 after purchasing an additional 779,054 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Duke Energy by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider's stock worth $1,949,857,000 after buying an additional 124,863 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Duke Energy by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider's stock worth $1,930,833,000 after buying an additional 385,612 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Duke Energy by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider's stock valued at $922,529,000 after acquiring an additional 135,665 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Duke Energy by 4.4% during the 4th quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider's stock worth $916,168,000 after acquiring an additional 357,967 shares during the period. Hedge funds and other institutional investors own 65.31% of the company's stock.
Duke Energy Stock Performance
DUK stock traded down $0.96 during trading on Wednesday, reaching $115.99. The stock had a trading volume of 2,966,346 shares, compared to its average volume of 3,459,357. The stock's 50 day moving average is $117.81 and its two-hundred day moving average is $114.97. The firm has a market cap of $90.15 billion, a PE ratio of 19.24, a PEG ratio of 2.92 and a beta of 0.37. Duke Energy Corporation has a 52 week low of $99.21 and a 52 week high of $125.27. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57.
Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The firm's revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.
Duke Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were issued a $1.045 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.60%. Duke Energy's dividend payout ratio is currently 69.32%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Citigroup raised their target price on shares of Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. BMO Capital Markets lowered their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Guggenheim increased their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company raised their price target on shares of Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Duke Energy presently has an average rating of "Moderate Buy" and an average target price of $126.94.
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About Duke Energy
(
Free Report)
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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