Buck Wealth Strategies LLC Acquires New Shares in Duke Energy Corporation (NYSE:DUK)

Buck Wealth Strategies LLC acquired a new stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,638 shares of the utilities provider's stock, valued at approximately $1,054,000.

A number of other large investors have also made changes to their positions in DUK. GAMMA Investing LLC boosted its stake in shares of Duke Energy by 14,268.8% during the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider's stock valued at $202,858,000 after acquiring an additional 1,651,608 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in Duke Energy in the 4th quarter worth about $163,819,000. Capital Wealth Planning LLC boosted its stake in Duke Energy by 116.5% in the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock worth $222,520,000 after buying an additional 1,111,581 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 buying an additional 779,054 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Duke Energy by 14.8% in the 4th quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider's stock worth $521,322,000 after buying an additional 625,008 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Wall Street Analyst Weigh In

DUK has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Citigroup raised their price objective on Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Morgan Stanley dropped their target price on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. UBS Group reiterated a "neutral" rating and set a $127.00 target price (up from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Finally, BMO Capital Markets dropped their target price on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $125.75.

Duke Energy Stock Performance

Shares of NYSE DUK traded up $1.58 during trading on Monday, reaching $116.98. The stock had a trading volume of 2,440,502 shares, compared to its average volume of 3,459,523. Duke Energy Corporation has a one year low of $99.21 and a one year high of $125.27. 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 stock has a market cap of $90.92 billion, a PE ratio of 19.40, a P/E/G ratio of 2.88 and a beta of 0.37. The firm's 50 day moving average price is $117.95 and its two-hundred day moving average price is $114.92.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same period in the previous year, the business earned $1.44 EPS. The business's quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were given a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. Duke Energy's dividend payout ratio 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.