Aurora Private Wealth Inc. bought a new stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 13,141 shares of the utilities provider's stock, valued at approximately $1,603,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bcwm LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at $9,815,000. Sequoia Financial Advisors LLC raised its position in shares of Duke Energy by 25.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider's stock valued at $3,852,000 after acquiring an additional 7,319 shares during the last quarter. First Business Financial Services Inc. bought a new stake in shares of Duke Energy during the 4th quarter valued at $384,000. Investment Management Corp of Ontario increased its position in shares of Duke Energy by 212.8% in the 4th quarter. Investment Management Corp of Ontario now owns 79,989 shares of the utilities provider's stock valued at $8,618,000 after buying an additional 54,413 shares in the last quarter. Finally, Andrew Hill Investment Advisors Inc. lifted its holdings in Duke Energy by 338.6% during the first quarter. Andrew Hill Investment Advisors Inc. now owns 37,763 shares of the utilities provider's stock worth $4,606,000 after acquiring an additional 29,153 shares in the last quarter. Institutional investors own 65.31% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on DUK. Wells Fargo & Company boosted their price objective on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Raymond James Financial began coverage on Duke Energy in a research note on Friday, June 13th. They set a "market perform" rating for the company. JPMorgan Chase & Co. increased their target price on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a research note on Tuesday. Finally, Morgan Stanley reduced their target price on shares of Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $126.88.
Check Out Our Latest Analysis on DUK
Duke Energy Stock Up 0.4%
Shares of Duke Energy stock traded up $0.53 during trading hours on Friday, reaching $117.59. 1,953,866 shares of the company's stock were exchanged, compared to its average volume of 3,485,630. Duke Energy Corporation has a fifty-two week low of $99.55 and a fifty-two week high of $125.27. The stock has a market cap of $91.39 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.93 and a beta of 0.37. The company has a 50 day moving average of $117.21 and a two-hundred day moving average of $115.37. 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 issued its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same period last year, the business posted $1.44 EPS. Duke Energy's revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.
Duke Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were issued a $1.045 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 annualized dividend and a yield of 3.55%. Duke Energy's dividend payout ratio is currently 69.32%.
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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