Diversified Trust Co Increases Stock Holdings in Duke Energy Corporation (NYSE:DUK)

Diversified Trust Co raised its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 46.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,430 shares of the utilities provider's stock after buying an additional 3,611 shares during the quarter. Diversified Trust Co's holdings in Duke Energy were worth $1,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of DUK. Vanguard Group Inc. increased its holdings in shares of 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. Massachusetts Financial Services Co. MA increased its stake in Duke Energy by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider's stock valued at $1,949,857,000 after acquiring an additional 124,863 shares during the last quarter. Geode Capital Management LLC raised its position in Duke Energy by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider's stock valued at $1,930,833,000 after purchasing an additional 385,612 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Duke Energy by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider's stock worth $922,529,000 after purchasing an additional 135,665 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Duke Energy by 4.4% during the 4th quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider's stock valued at $916,168,000 after purchasing an additional 357,967 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Trading Up 0.6%

DUK opened at $116.93 on Friday. 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 current ratio of 0.77 and a quick ratio of 0.50. The business has a 50 day simple moving average of $117.52 and a two-hundred day simple moving average of $115.08. The firm has a market capitalization of $90.89 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.92 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last announced 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 company had revenue of $8.25 billion during the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. Analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Friday, May 16th. Duke Energy's payout ratio is currently 69.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DUK. Barclays boosted their target price on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Citigroup upped their price objective on shares of Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Wells Fargo & Company lifted their target price on shares of Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets reduced their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $126.94.

About Duke Energy

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.

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.