Kathmere Capital Management LLC Purchases New Shares in Duke Energy Corporation (NYSE:DUK)

Kathmere Capital Management LLC purchased a new stake in Duke Energy Corporation (NYSE:DUK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,410 shares of the utilities provider's stock, valued at approximately $294,000.

Other institutional investors have also added to or reduced their stakes in the company. Bcwm LLC bought a new stake in Duke Energy in the 4th quarter valued at $9,815,000. Investment Management Corp of Ontario raised its holdings in Duke Energy by 212.8% in the 4th quarter. Investment Management Corp of Ontario now owns 79,989 shares of the utilities provider's stock valued at $8,618,000 after acquiring an additional 54,413 shares in the last quarter. Andrew Hill Investment Advisors Inc. raised its holdings in Duke Energy by 338.6% in the 1st quarter. Andrew Hill Investment Advisors Inc. now owns 37,763 shares of the utilities provider's stock valued at $4,606,000 after acquiring an additional 29,153 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Duke Energy by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider's stock valued at $35,575,000 after acquiring an additional 20,942 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its holdings in Duke Energy by 9.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider's stock valued at $14,451,000 after acquiring an additional 11,445 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DUK shares. Raymond James Financial started coverage on Duke Energy in a report on Friday, June 13th. They issued a "market perform" rating for the company. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a report on Tuesday, July 1st. UBS Group lifted their price objective on Duke Energy from $124.00 to $127.00 and gave the company a "neutral" rating in a report on Friday. Wells Fargo & Company lifted their price objective on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, BMO Capital Markets lowered their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.88.

Duke Energy Price Performance

Shares of DUK opened at $117.40 on Monday. Duke Energy Corporation has a 12-month low of $104.02 and a 12-month high of $125.27. The business has a 50-day simple moving average of $116.79 and a two-hundred day simple moving average of $115.79. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The stock has a market cap of $91.25 billion, a PE ratio of 19.47, a PEG ratio of 2.93 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last issued its 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. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The business had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were paid a $1.045 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.56%. Duke Energy's payout ratio is 69.32%.

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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