Financial Counselors Inc. cut its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 18.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,736 shares of the utilities provider's stock after selling 29,334 shares during the period. Financial Counselors Inc.'s holdings in Duke Energy were worth $15,824,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Callan Capital LLC lifted its holdings in Duke Energy by 18.6% in the 1st quarter. Callan Capital LLC now owns 4,676 shares of the utilities provider's stock worth $570,000 after purchasing an additional 733 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Duke Energy by 3.6% in the 1st quarter. TD Private Client Wealth LLC now owns 51,629 shares of the utilities provider's stock worth $6,297,000 after purchasing an additional 1,808 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Duke Energy by 9.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,628,423 shares of the utilities provider's stock worth $320,589,000 after purchasing an additional 228,052 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Duke Energy by 4.5% in the first quarter. Hexagon Capital Partners LLC now owns 8,511 shares of the utilities provider's stock worth $1,038,000 after buying an additional 367 shares in the last quarter. Finally, Drake & Associates LLC boosted its stake in Duke Energy by 29.6% during the first quarter. Drake & Associates LLC now owns 12,433 shares of the utilities provider's stock valued at $1,516,000 after buying an additional 2,837 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.
Duke Energy Trading Down 0.8%
DUK traded down $0.96 during trading hours on Tuesday, reaching $116.33. 3,135,082 shares of the company's stock traded hands, compared to its average volume of 3,488,512. The firm has a 50-day moving average price of $117.14 and a 200 day moving average price of $115.55. Duke Energy Corporation has a 52-week low of $100.30 and a 52-week high of $125.27. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $90.42 billion, a PE ratio of 19.29, a PEG ratio of 2.93 and a beta of 0.37.
Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The company had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. During the same quarter in the previous year, the business earned $1.44 EPS. Duke Energy's revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.
Duke Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Friday, May 16th. Duke Energy's payout ratio is currently 69.32%.
Analysts Set New Price Targets
A number of analysts have issued reports on DUK shares. Citigroup lifted their price objective on Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Wells Fargo & Company upped their price target on shares of Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research report on Tuesday, July 1st. Raymond James Financial assumed coverage on shares of Duke Energy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.88.
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.
Further Reading
Before you consider Duke Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Duke Energy wasn't on the list.
While Duke Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
