Duke Energy Corporation (NYSE:DUK) Shares Bought by Chemung Canal Trust Co.

Chemung Canal Trust Co. increased its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 114.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,581 shares of the utilities provider's stock after acquiring an additional 16,321 shares during the period. Chemung Canal Trust Co.'s holdings in Duke Energy were worth $3,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DUK. Toth Financial Advisory Corp grew its stake in Duke Energy by 31.6% during the 1st quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider's stock worth $42,000 after buying an additional 83 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Duke Energy by 2.8% during the 1st quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider's stock valued at $370,000 after acquiring an additional 84 shares during the last quarter. Sheets Smith Wealth Management raised its stake in Duke Energy by 0.3% during the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider's stock valued at $3,356,000 after acquiring an additional 85 shares during the last quarter. Quent Capital LLC raised its stake in Duke Energy by 3.0% during the 1st quarter. Quent Capital LLC now owns 2,993 shares of the utilities provider's stock valued at $365,000 after acquiring an additional 86 shares during the last quarter. Finally, Grandview Asset Management LLC raised its stake in Duke Energy by 0.6% during the 1st quarter. Grandview Asset Management LLC now owns 14,135 shares of the utilities provider's stock valued at $1,724,000 after acquiring an additional 86 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Up 0.8%

NYSE:DUK traded up $0.97 during mid-day trading on Wednesday, hitting $117.28. The company had a trading volume of 2,102,766 shares, compared to its average volume of 3,482,991. The business has a fifty day simple moving average of $117.04 and a 200-day simple moving average of $115.56. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $91.16 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.93 and a beta of 0.37. Duke Energy Corporation has a 1 year low of $100.30 and a 1 year high of $125.27.

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

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were paid a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 annualized dividend and a yield of 3.56%. Duke Energy's dividend payout ratio (DPR) is 69.32%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DUK shares. 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. UBS Group reissued a "neutral" rating and set a $127.00 target price (up from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. Barclays decreased their target price on shares of Duke Energy from $123.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. Finally, BMO Capital Markets dropped their price target 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 research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.88.

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.