Holistic Financial Partners Buys New Shares in Duke Energy Corporation (NYSE:DUK)

Holistic Financial Partners acquired a new position in Duke Energy Corporation (NYSE:DUK - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,253 shares of the utilities provider's stock, valued at approximately $397,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings 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 period. Proficio Capital Partners LLC purchased a new position in Duke Energy during the 4th quarter valued at about $282,000. Quantbot Technologies LP purchased a new position in Duke Energy during the 4th quarter valued at about $504,000. Congress Wealth Management LLC DE increased its holdings in Duke Energy by 58.1% during the 4th quarter. Congress Wealth Management LLC DE now owns 10,167 shares of the utilities provider's stock valued at $1,089,000 after purchasing an additional 3,737 shares during the period. Finally, CoreFirst Bank & Trust purchased a new position in Duke Energy during the 4th quarter valued at about $73,000. Hedge funds and other institutional investors own 65.31% of the company's stock.

Duke Energy Trading Up 0.2%

Shares of NYSE DUK traded up $0.23 during trading hours on Friday, reaching $119.98. The stock had a trading volume of 1,905,074 shares, compared to its average volume of 2,493,339. The business's fifty day moving average price is $116.96 and its two-hundred day moving average price is $116.52. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. The firm has a market cap of $93.25 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 3.00 and a beta of 0.37. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $125.27.

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

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.55%. This is an increase from Duke Energy's previous quarterly dividend of $1.05. The ex-dividend date is Friday, August 15th. Duke Energy's dividend payout ratio is presently 69.32%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Barclays reduced their target price on Duke Energy from $123.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Wells Fargo & Company upped their target price on Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Citigroup upped their target price on Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price target on Duke Energy from $122.00 to $127.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Finally, Morgan Stanley lowered 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. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $127.25.

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.