Maltin Wealth Management Inc. Acquires Shares of 2,500 Duke Energy Co. (NYSE:DUK)

Maltin Wealth Management Inc. bought a new stake in Duke Energy Co. (NYSE:DUK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,500 shares of the utilities provider's stock, valued at approximately $305,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Duke Energy by 14,268.8% in the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider's stock valued at $202,858,000 after buying an additional 1,651,608 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Duke Energy during the fourth quarter valued at about $163,819,000. Capital Wealth Planning LLC boosted its stake in Duke Energy by 116.5% in the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock worth $222,520,000 after purchasing an additional 1,111,581 shares in the last quarter. Vanguard Group Inc. grew its position in Duke Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock worth $7,852,731,000 after purchasing an additional 779,054 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Duke Energy by 14.8% in the fourth quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider's stock worth $521,322,000 after buying an additional 625,008 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

NYSE DUK traded down $0.52 during trading hours on Friday, reaching $115.22. The company's stock had a trading volume of 2,094,587 shares, compared to its average volume of 3,444,523. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a 1-year low of $99.21 and a 1-year high of $125.27. The company's 50-day moving average is $118.54 and its two-hundred day moving average is $114.89. The firm has a market capitalization of $89.56 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 2.79 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last announced 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 firm had revenue of $8.25 billion for the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 EPS. On average, equities analysts predict that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy's dividend payout ratio is presently 69.32%.

Analyst Upgrades and Downgrades

DUK has been the topic of several research reports. Jefferies Financial Group upped their target price on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Morgan Stanley cut their price objective on Duke Energy from $126.00 to $125.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Citigroup lifted 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. raised their price target on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets dropped their price objective on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.81.

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.