Duke Energy Corporation (NYSE:DUK) Stock Holdings Lifted by Bogart Wealth LLC

Bogart Wealth LLC grew its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,975 shares of the utilities provider's stock after buying an additional 2,944 shares during the quarter. Bogart Wealth LLC's holdings in Duke Energy were worth $12,072,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wayfinding Financial LLC purchased a new position in Duke Energy in the 1st quarter valued at about $27,000. Mattson Financial Services LLC acquired a new position in shares of Duke Energy in the fourth quarter worth about $28,000. Vermillion Wealth Management Inc. purchased a new position in Duke Energy in the fourth quarter valued at about $27,000. WealthTrak Capital Management LLC acquired a new stake in Duke Energy during the 4th quarter valued at approximately $30,000. Finally, American National Bank & Trust purchased a new stake in Duke Energy during the 1st quarter worth approximately $36,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

Shares of DUK traded up $0.50 during mid-day trading on Monday, reaching $117.96. 2,684,825 shares of the company's stock traded hands, compared to its average volume of 3,667,797. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.50 and a current ratio of 0.77. The business's 50-day moving average price is $116.79 and its 200-day moving average price is $115.79. The stock has a market capitalization of $91.69 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 2.93 and a beta of 0.37. Duke Energy Corporation has a 12 month low of $104.01 and a 12 month high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last released its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 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 firm had revenue of $8.25 billion for the quarter, compared to analysts' expectations of $7.70 billion. During the same quarter last year, the company earned $1.44 EPS. Duke Energy's quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy's payout ratio is currently 69.32%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DUK shares. Citigroup raised their price target on shares of Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Wells Fargo & Company upped their target price on shares of Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Raymond James Financial initiated coverage on Duke Energy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. Barclays lowered their price objective on Duke Energy from $123.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Finally, BMO Capital Markets decreased their target price on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $126.88.

Duke Energy 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.