Grant Private Wealth Management Inc Has $629,000 Stake in Duke Energy Co. (NYSE:DUK)

Grant Private Wealth Management Inc grew its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 110.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,355 shares of the utilities provider's stock after acquiring an additional 2,808 shares during the period. Grant Private Wealth Management Inc's holdings in Duke Energy were worth $629,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DUK. Brighton Jones LLC lifted its stake in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider's stock worth $728,000 after buying an additional 700 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Duke Energy by 16.6% in the fourth quarter. Empowered Funds LLC now owns 19,365 shares of the utilities provider's stock worth $2,086,000 after buying an additional 2,764 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Duke Energy by 8.0% in the fourth quarter. Van ECK Associates Corp now owns 240,094 shares of the utilities provider's stock worth $25,868,000 after buying an additional 17,827 shares during the last quarter. Avestar Capital LLC lifted its stake in shares of Duke Energy by 12.7% in the fourth quarter. Avestar Capital LLC now owns 4,578 shares of the utilities provider's stock worth $493,000 after buying an additional 517 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Duke Energy by 1.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 367,621 shares of the utilities provider's stock worth $39,828,000 after buying an additional 4,517 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DUK has been the subject of several research analyst reports. 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. Jefferies Financial Group upped their target price 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. Citigroup upped their target price on shares of Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. UBS Group reiterated a "neutral" rating and set a $127.00 target price (up from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. Finally, Wells Fargo & Company upped their target price 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. 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 data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.81.

Duke Energy Price Performance

NYSE:DUK traded down $0.53 during mid-day trading on Friday, reaching $116.75. 2,789,470 shares of the company were exchanged, compared to its average volume of 3,458,523. Duke Energy Co. has a 12 month low of $99.21 and a 12 month high of $125.27. The company has a fifty day moving average of $118.15 and a 200 day moving average of $114.93. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The stock has a market cap of $90.75 billion, a PE ratio of 20.45, a PEG ratio of 2.79 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last released its earnings results 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. The company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. The company's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 EPS. On average, research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.58%. Duke Energy's dividend payout ratio (DPR) is 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.