Focused Wealth Management Inc Purchases New Holdings in Duke Energy Corporation (NYSE:DUK)

Focused Wealth Management Inc acquired a new stake in Duke Energy Corporation (NYSE:DUK - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,774 shares of the utilities provider's stock, valued at approximately $338,000.

Other large investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. bought a new stake in shares of Duke Energy in the 4th quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new stake in shares of Duke Energy in the 1st quarter valued at approximately $27,000. Mattson Financial Services LLC bought a new stake in shares of Duke Energy in the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC bought a new stake in shares of Duke Energy in the 4th quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. grew its stake in shares of Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

Shares of NYSE DUK opened at $117.40 on Friday. The stock has a market capitalization of $91.25 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.95 and a beta of 0.37. The business has a 50-day moving average of $116.79 and a 200-day moving average of $115.69. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50. Duke Energy Corporation has a fifty-two week low of $104.02 and a fifty-two week high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.17. The company had revenue of $8.25 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 EPS. As a group, sell-side analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared 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 3.56%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy's payout ratio is currently 69.32%.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of research analyst reports. UBS Group increased their price target on Duke Energy from $124.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday. BMO Capital Markets decreased their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley decreased their price objective on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Barclays cut their price target on Duke Energy from $123.00 to $122.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Finally, Wells Fargo & Company increased their price target on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $126.88.

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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