Duke Energy Corporation (NYSE:DUK) Shares Purchased by Legacy Advisors LLC

Legacy Advisors LLC boosted its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 263.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,030 shares of the utilities provider's stock after acquiring an additional 5,818 shares during the period. Legacy Advisors LLC's holdings in Duke Energy were worth $979,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of DUK. GAMMA Investing LLC grew its holdings 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 buying an additional 1,651,608 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Duke Energy during the fourth quarter valued at $163,819,000. Capital Wealth Planning LLC increased its position in Duke Energy by 116.5% during the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock worth $222,520,000 after purchasing an additional 1,111,581 shares in the last quarter. Vanguard Group Inc. raised its stake in Duke Energy by 1.1% in the 4th 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 holdings in Duke Energy by 14.8% in the 4th quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider's stock valued at $521,322,000 after purchasing an additional 625,008 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DUK. Citigroup lifted their price target on shares of Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Barclays lifted their target price on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. BMO Capital Markets reduced their price target 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. Morgan Stanley lowered their price objective on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company increased their target price on Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.75.

Duke Energy Trading Up 0.0%

NYSE DUK opened at $116.98 on Wednesday. The firm has a market capitalization of $90.92 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 2.92 and a beta of 0.37. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.50 and a current ratio of 0.77. Duke Energy Corporation has a one year low of $99.21 and a one year high of $125.27. The company's 50 day moving average price is $117.81 and its 200 day moving average price is $114.97.

Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The business had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter last year, the firm posted $1.44 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, sell-side 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 given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.57%. The ex-dividend date was Friday, May 16th. Duke Energy's dividend payout ratio (DPR) is presently 69.32%.

Duke Energy 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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