Townsquare Capital LLC grew its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,379 shares of the utilities provider's stock after purchasing an additional 3,621 shares during the period. Townsquare Capital LLC's holdings in Duke Energy were worth $15,048,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of DUK. Vermillion Wealth Management Inc. acquired a new stake in shares of Duke Energy during the 4th quarter valued at about $27,000. Wayfinding Financial LLC acquired a new stake in shares of Duke Energy during the 1st quarter valued at about $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy during the 1st quarter valued at about $27,000. Mattson Financial Services LLC acquired a new stake in shares of Duke Energy during the 4th quarter valued at about $28,000. Finally, Redwood Park Advisors LLC acquired a new stake in shares of Duke Energy during the 4th quarter valued at about $36,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Trading Down 0.5%
NYSE DUK traded down $0.57 during trading hours on Friday, hitting $125.36. The company's stock had a trading volume of 2,643,623 shares, compared to its average volume of 3,213,631. The stock has a fifty day moving average of $118.24 and a 200 day moving average of $117.53. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $127.85. The firm has a market capitalization of $97.48 billion, a P/E ratio of 20.38, a PEG ratio of 3.03 and a beta of 0.36. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.
Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. The company's quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.
Duke Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be paid a $1.065 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a boost from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy's payout ratio is currently 69.27%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on DUK. 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. Scotiabank boosted their price target on shares of Duke Energy from $120.00 to $128.00 and gave the company a "sector perform" rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $122.00 to $127.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Wells Fargo & Company boosted their price target on shares of Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, UBS Group restated a "neutral" rating and issued a $127.00 price target (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $129.20.
Check Out Our Latest Analysis on Duke Energy
About Duke Energy
(
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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