Duke Energy Corporation (NYSE:DUK) Shares Purchased by Invesco LLC

Invesco LLC lifted its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 153.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,552 shares of the utilities provider's stock after purchasing an additional 6,987 shares during the period. Invesco LLC's holdings in Duke Energy were worth $1,409,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Mattson Financial Services LLC bought a new position in shares of Duke Energy in the 4th quarter worth $28,000. Vermillion Wealth Management Inc. purchased a new position in Duke Energy during the 4th quarter worth $27,000. Parkworth Wealth Management Inc. acquired a new position in Duke Energy during the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new stake in Duke Energy in the fourth quarter valued at about $30,000. Finally, Rakuten Securities Inc. grew its stake in shares of Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after acquiring an additional 270 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DUK shares. BMO Capital Markets lowered 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. Citigroup boosted their price objective on shares of Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Barclays lifted their price target on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Morgan Stanley reduced their price objective on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. upped their target price on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.75.

Duke Energy Price Performance

Shares of DUK stock traded up $0.01 during mid-day trading on Tuesday, hitting $116.98. 2,470,015 shares of the stock were exchanged, compared to its average volume of 3,455,581. The company has a market cap of $90.92 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.37. The firm has a fifty day moving average of $117.88 and a 200 day moving average of $114.95. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. Duke Energy Corporation has a 52-week low of $99.21 and a 52-week high of $125.27.

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

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy's payout ratio 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.