Lockheed Martin Investment Management Co. increased its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 19.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 162,610 shares of the utilities provider's stock after acquiring an additional 26,470 shares during the period. Lockheed Martin Investment Management Co.'s holdings in Duke Energy were worth $19,834,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Duke Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider's stock valued at $9,094,327,000 after acquiring an additional 1,676,061 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider's stock valued at $1,055,087,000 after buying an additional 93,699 shares in the last quarter. Royal Bank of Canada lifted its stake in Duke Energy by 4.4% in 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 buying an additional 357,967 shares in the last quarter. Northern Trust Corp lifted its stake in Duke Energy by 6.7% in the 4th quarter. Northern Trust Corp now owns 8,001,073 shares of the utilities provider's stock valued at $862,036,000 after buying an additional 499,652 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Duke Energy in the 1st quarter valued at about $702,351,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Stock Down 0.5%
DUK stock opened at $125.36 on Friday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $127.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.50 and a current ratio of 0.66. The firm's 50 day moving average price is $118.24 and its 200-day moving average price is $117.53. The firm has a market cap of $97.48 billion, a PE ratio of 20.38, a PEG ratio of 3.03 and a beta of 0.36.
Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business posted $1.18 EPS. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.
Duke Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be issued a $1.065 dividend. This is a boost from Duke Energy's previous quarterly dividend of $1.05. The ex-dividend date is Friday, August 15th. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy's payout ratio is 67.97%.
Wall Street Analysts Forecast Growth
DUK has been the topic of a number of research reports. Raymond James Financial started coverage on shares of Duke Energy in a research note on Friday, June 13th. They issued a "market perform" rating on the stock. 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 note on Tuesday, July 1st. Citigroup raised their target price on shares of Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. BMO Capital Markets raised their target price on shares of Duke Energy from $131.00 to $132.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, UBS Group reissued a "neutral" rating and issued a $127.00 target price (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.20.
Read Our Latest Stock Report on DUK
Duke Energy Profile
(
Free Report)
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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