Janney Capital Management LLC Has $11.38 Million Stock Holdings in Duke Energy Corporation (NYSE:DUK)

Janney Capital Management LLC lowered its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,263 shares of the utilities provider's stock after selling 4,994 shares during the period. Janney Capital Management LLC's holdings in Duke Energy were worth $11,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. acquired a new position in Duke Energy during the fourth quarter valued at approximately $27,000. Parkworth Wealth Management Inc. acquired a new position in Duke Energy during the fourth quarter valued at approximately $28,000. Mattson Financial Services LLC acquired a new position in Duke Energy during the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC acquired a new position in Duke Energy during the fourth quarter valued at approximately $30,000. Finally, Sierra Ocean LLC acquired a new position in Duke Energy during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Stock Performance

Shares of NYSE DUK traded up $0.84 during trading hours on Friday, reaching $115.42. The stock had a trading volume of 6,188,001 shares, compared to its average volume of 3,463,615. The business's fifty day moving average is $117.95 and its two-hundred day moving average is $114.91. 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 cap of $89.71 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 2.88 and a beta of 0.37. Duke Energy Corporation has a twelve month low of $99.21 and a twelve month high of $125.27.

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. The business had revenue of $8.25 billion during the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. Duke Energy's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. As a group, research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders 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 yield of 3.62%. Duke Energy's dividend payout ratio is currently 69.32%.

Wall Street Analyst Weigh In

DUK has been the topic of several analyst reports. Citigroup increased their price target on Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Guggenheim lifted their price target on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Morgan Stanley cut their price target on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets cut their target price on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and a consensus target price of $125.75.

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.