Duke Energy Corporation (NYSE:DUK) Shares Sold by one8zero8 LLC

Key Points

• one8zero8 LLC has reduced its holdings in Duke Energy by 26.9%, now owning 47,611 shares valued at approximately $5.8 million, making Duke Energy its 14th largest investment.
• Duke Energy announced a quarterly dividend of $1.065, an increase from the previous $1.05, representing an annualized yield of 3.55%.
• Analysts have a consensus rating of "Moderate Buy" for Duke Energy, with a price target average of $127.25 and various firms adjusting their ratings and price objectives.

one8zero8 LLC reduced its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,611 shares of the utilities provider's stock after selling 17,554 shares during the quarter. Duke Energy makes up 1.4% of one8zero8 LLC's investment portfolio, making the stock its 14th biggest holding. one8zero8 LLC's holdings in Duke Energy were worth $5,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vermillion Wealth Management Inc. purchased a new position in shares of Duke Energy in the 4th quarter valued at approximately $27,000. Wayfinding Financial LLC purchased a new position in Duke Energy during the 1st quarter worth $27,000. Mattson Financial Services LLC acquired a new stake in shares of Duke Energy in the 4th quarter worth $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at about $30,000. Finally, Hoey Investments Inc. purchased a new stake in Duke Energy in the 4th quarter valued at approximately $36,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Trading Up 1.2%

DUK stock traded up $1.46 on Wednesday, hitting $120.95. 1,548,052 shares of the company were exchanged, compared to its average volume of 3,568,555. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50. The stock has a market capitalization of $94.01 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.94 and a beta of 0.37. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $125.27. The business's fifty day moving average is $117.01 and its two-hundred day moving average is $116.68.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.17. The business 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 9.88% and a net margin of 15.40%. The company's revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 EPS. As a group, research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be given a $1.065 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.52%. Duke Energy's dividend payout ratio (DPR) is 69.32%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. UBS Group reaffirmed a "neutral" rating and set a $127.00 price target (up from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their target price on shares of Duke Energy from $122.00 to $127.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research report on Tuesday, July 1st. Wells Fargo & Company upped their target price on shares of Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley lowered their target price on shares of 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 issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $127.25.

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.