Bell Bank lifted its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 87,629 shares of the utilities provider's stock after acquiring an additional 3,103 shares during the quarter. Duke Energy accounts for 0.6% of Bell Bank's investment portfolio, making the stock its 28th largest position. Bell Bank's holdings in Duke Energy were worth $10,688,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in DUK. Mattson Financial Services LLC acquired a new stake in Duke Energy during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Duke Energy in the 4th quarter valued at $27,000. Parkworth Wealth Management Inc. acquired a new stake in shares of Duke Energy in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of Duke Energy in the 4th quarter valued at $30,000. Finally, Rakuten Securities Inc. raised its holdings in shares of Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Stock Performance
Shares of NYSE:DUK traded down $0.30 during midday trading on Thursday, hitting $114.50. The stock had a trading volume of 2,937,857 shares, compared to its average volume of 3,457,232. The company has a market capitalization of $88.99 billion, a PE ratio of 18.99, a P/E/G ratio of 2.86 and a beta of 0.37. The stock has a 50 day moving average price of $118.02 and a two-hundred day moving average price of $114.89. 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 Corporation has a 1 year low of $99.21 and a 1 year high of $125.27.
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 for the quarter, beating the consensus estimate of $1.59 by $0.17. The business had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 earnings per share. As a group, equities analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, May 16th. Duke Energy's dividend payout ratio (DPR) is 69.32%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on DUK. UBS Group reaffirmed a "neutral" rating and issued a $127.00 target price (up from $126.00) on shares of Duke Energy in a research report on Monday, June 2nd. Citigroup increased their target price on shares of Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Guggenheim increased their target price 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. Barclays increased 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, BMO Capital Markets dropped their target price on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and an average target price of $125.75.
Read Our Latest Research Report on DUK
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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