Phillips Wealth Planners LLC Acquires 4,466 Shares of Duke Energy Corporation (NYSE:DUK)

Phillips Wealth Planners LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 79.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 10,063 shares of the utilities provider's stock after acquiring an additional 4,466 shares during the period. Duke Energy makes up about 1.2% of Phillips Wealth Planners LLC's investment portfolio, making the stock its 15th biggest position. Phillips Wealth Planners LLC's holdings in Duke Energy were worth $1,197,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cvfg LLC lifted its holdings in shares of Duke Energy by 6.1% during the 1st quarter. Cvfg LLC now owns 3,250 shares of the utilities provider's stock worth $396,000 after acquiring an additional 186 shares during the period. Tyche Wealth Partners LLC lifted its holdings in Duke Energy by 6.5% during the 1st quarter. Tyche Wealth Partners LLC now owns 5,133 shares of the utilities provider's stock valued at $626,000 after purchasing an additional 315 shares during the last quarter. Live Oak Investment Partners lifted its holdings in Duke Energy by 9.2% during the 1st quarter. Live Oak Investment Partners now owns 3,178 shares of the utilities provider's stock valued at $388,000 after purchasing an additional 268 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Duke Energy during the 1st quarter valued at about $370,000. Finally, HBK Sorce Advisory LLC lifted its holdings in Duke Energy by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 11,762 shares of the utilities provider's stock valued at $1,435,000 after purchasing an additional 457 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DUK has been the subject of several analyst reports. BMO Capital Markets cut their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Raymond James Financial initiated coverage on shares of Duke Energy in a report on Friday, June 13th. They set a "market perform" rating for the company. Barclays lifted their price target on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Wells Fargo & Company raised their price objective on shares of Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.94.

Duke Energy Stock Down 0.8%

Shares of NYSE:DUK opened at $115.99 on Thursday. Duke Energy Corporation has a one year low of $99.21 and a one year high of $125.27. The company has a 50 day moving average of $117.72 and a 200-day moving average of $114.98. 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 cap of $90.15 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 2.92 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $7.70 billion. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 earnings per share. On average, sell-side analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors 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 yield of 3.60%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy's dividend payout ratio is currently 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.

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