Romano Brothers AND Company decreased its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 4.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 79,394 shares of the utilities provider's stock after selling 3,646 shares during the period. Duke Energy accounts for about 1.3% of Romano Brothers AND Company's portfolio, making the stock its 13th largest holding. Romano Brothers AND Company's holdings in Duke Energy were worth $9,684,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. CGN Advisors LLC raised its stake in Duke Energy by 10.7% in the 1st quarter. CGN Advisors LLC now owns 27,053 shares of the utilities provider's stock worth $3,300,000 after purchasing an additional 2,610 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of Duke Energy in the first quarter valued at approximately $226,000. RFG Advisory LLC boosted its stake in shares of Duke Energy by 14.4% in the first quarter. RFG Advisory LLC now owns 16,904 shares of the utilities provider's stock valued at $2,062,000 after buying an additional 2,127 shares during the period. Merit Financial Group LLC grew its position in Duke Energy by 29.5% during the first quarter. Merit Financial Group LLC now owns 42,693 shares of the utilities provider's stock worth $5,207,000 after buying an additional 9,730 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in Duke Energy by 10.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,909 shares of the utilities provider's stock worth $233,000 after acquiring an additional 176 shares during the period. 65.31% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Duke Energy from $126.00 to $127.00 and gave the stock a "neutral" rating in a research report on Monday. Citigroup upped their price target on shares of Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Jefferies Financial Group lifted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Wells Fargo & Company upped their target price on Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, Guggenheim lifted their price target on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.81.
Read Our Latest Research Report on DUK
Duke Energy Trading Down 0.7%
Shares of NYSE:DUK traded down $0.76 during midday trading on Wednesday, hitting $115.97. 3,288,240 shares of the stock were exchanged, compared to its average volume of 3,454,539. The business's 50-day moving average price is $118.74 and its 200 day moving average price is $114.87. Duke Energy Co. has a 12 month low of $99.21 and a 12 month high of $125.27. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The stock has a market capitalization of $90.14 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 2.79 and a beta of 0.37.
Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping 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 net margin of 14.90% and a return on equity of 9.50%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 EPS. Analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current year.
Duke Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy's dividend payout ratio is currently 69.32%.
Duke Energy Profile
(
Free Report)
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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