Duke Energy Corporation (NYSE:DUK) Position Raised by Penserra Capital Management LLC

Penserra Capital Management LLC increased its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 285.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,796 shares of the utilities provider's stock after purchasing an additional 5,776 shares during the period. Penserra Capital Management LLC's holdings in Duke Energy were worth $950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in Duke Energy during the first quarter worth approximately $27,000. Mattson Financial Services LLC bought a new position in shares of Duke Energy in the fourth quarter valued at $28,000. Vermillion Wealth Management Inc. bought a new position in shares of Duke Energy in the fourth quarter valued at $27,000. Parkworth Wealth Management Inc. bought a new position in shares of Duke Energy in the fourth quarter valued at $28,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of Duke Energy in the fourth quarter valued at $30,000. Institutional investors own 65.31% of the company's stock.

Wall Street Analysts Forecast Growth

DUK has been the topic of several research reports. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a report on Tuesday, July 1st. UBS Group reaffirmed a "neutral" rating and issued a $127.00 price target (up previously from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Wells Fargo & Company upped their price target on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Barclays cut 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 note on Tuesday, July 1st. Finally, BMO Capital Markets cut their target price on shares of 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.88.

Duke Energy Trading Up 0.8%

Duke Energy stock opened at $117.28 on Thursday. Duke Energy Corporation has a one year low of $100.90 and a one year high of $125.27. The company's fifty day moving average price is $116.94 and its two-hundred day moving average price is $115.57. 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 company has a market capitalization of $91.16 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.90 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.17. The company 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 firm's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 EPS. On average, 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 declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 dividend yield of 3.56%. Duke Energy's dividend payout ratio (DPR) is presently 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.

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