Friedenthal Financial Purchases Shares of 8,226 Duke Energy Corporation (NYSE:DUK)

Friedenthal Financial purchased a new stake in Duke Energy Corporation (NYSE:DUK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,226 shares of the utilities provider's stock, valued at approximately $1,003,000.

Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC grew its position in shares of Duke Energy by 11.6% during the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider's stock worth $728,000 after purchasing an additional 700 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $31,000. Americana Partners LLC grew its position in shares of Duke Energy by 2.9% during the 4th quarter. Americana Partners LLC now owns 4,807 shares of the utilities provider's stock worth $518,000 after purchasing an additional 135 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in shares of Duke Energy by 12.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 101,582 shares of the utilities provider's stock worth $10,945,000 after purchasing an additional 11,154 shares in the last quarter. Finally, Kestra Investment Management LLC grew its position in shares of Duke Energy by 6.5% during the 4th quarter. Kestra Investment Management LLC now owns 1,937 shares of the utilities provider's stock worth $209,000 after purchasing an additional 118 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DUK has been the topic of several analyst reports. Barclays increased their price target on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Guggenheim raised their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Morgan Stanley lowered their target price on shares of Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday. BMO Capital Markets decreased their price target 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. Finally, Jefferies Financial Group lifted their price target on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $125.75.

Duke Energy Price Performance

DUK stock opened at $114.50 on Thursday. 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 52 week low of $99.21 and a 52 week high of $125.27. The firm's fifty day moving average is $118.07 and its 200 day moving average is $114.90. The firm has a market cap of $88.99 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.87 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The firm had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. During the same period last year, the company posted $1.44 EPS. The company's quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm 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. The ex-dividend date was Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.65%. Duke Energy's dividend payout ratio (DPR) is currently 69.32%.

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.

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