Duke Energy Co. (NYSE:DUK) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC trimmed its position in Duke Energy Co. (NYSE:DUK - Free Report) by 37.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,670 shares of the utilities provider's stock after selling 2,833 shares during the period. Radnor Capital Management LLC's holdings in Duke Energy were worth $570,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DUK. GAMMA Investing LLC grew its stake in Duke Energy by 14,268.8% during the 1st 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 in the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $163,819,000. Capital Wealth Planning LLC grew its position in shares of Duke Energy by 116.5% in the fourth quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock valued at $222,520,000 after purchasing an additional 1,111,581 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock valued at $7,852,731,000 after purchasing an additional 779,054 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Duke Energy by 14.8% during the fourth 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 in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Trading Up 0.2%

Shares of NYSE DUK traded up $0.24 during trading on Monday, reaching $115.47. The stock had a trading volume of 2,407,394 shares, compared to its average volume of 3,452,606. The business's 50-day moving average price is $118.43 and its 200-day moving average price is $114.91. Duke Energy Co. has a fifty-two week low of $99.21 and a fifty-two week high of $125.27. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The company has a market cap of $89.75 billion, a P/E ratio of 20.22, a PEG ratio of 2.79 and a beta of 0.37.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. The company had revenue of $8.25 billion for the quarter, compared to analyst estimates of $7.70 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.62%. Duke Energy's dividend payout ratio (DPR) is presently 69.32%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DUK. BMO Capital Markets dropped their target price on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Jefferies Financial Group raised their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Morgan Stanley decreased their target price on shares of Duke Energy from $126.00 to $125.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Finally, Guggenheim upped their price objective on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.81.

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.