San Luis Wealth Advisors LLC Invests $747,000 in Duke Energy Co. (NYSE:DUK)

San Luis Wealth Advisors LLC acquired a new position in Duke Energy Co. (NYSE:DUK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,124 shares of the utilities provider's stock, valued at approximately $747,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bell Bank increased its holdings in Duke Energy by 3.7% in the 1st quarter. Bell Bank now owns 87,629 shares of the utilities provider's stock valued at $10,688,000 after buying an additional 3,103 shares during the period. Wagner Wealth Management LLC increased its holdings in Duke Energy by 1.6% in the 1st quarter. Wagner Wealth Management LLC now owns 14,985 shares of the utilities provider's stock valued at $1,828,000 after buying an additional 229 shares during the period. AA Financial Advisors LLC increased its holdings in Duke Energy by 3.0% in the 1st quarter. AA Financial Advisors LLC now owns 6,270 shares of the utilities provider's stock valued at $765,000 after buying an additional 181 shares during the period. Fortitude Advisory Group L.L.C. bought a new stake in Duke Energy in the 1st quarter valued at $215,000. Finally, Copia Wealth Management increased its holdings in Duke Energy by 1,110.7% in the 1st quarter. Copia Wealth Management now owns 1,017 shares of the utilities provider's stock valued at $124,000 after buying an additional 933 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Price Performance

NYSE DUK opened at $115.31 on Tuesday. The business has a 50 day simple moving average of $118.14 and a 200 day simple moving average of $114.90. Duke Energy Co. has a 52-week low of $99.21 and a 52-week 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 cap of $89.63 billion, a price-to-earnings ratio of 20.19, a PEG 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The business had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. During the same period in the prior year, the business earned $1.44 EPS. Duke Energy's revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors 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 3.62%. Duke Energy's dividend payout ratio is presently 69.32%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DUK shares. Jefferies Financial Group boosted their price target on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a report on Friday, February 21st. Guggenheim boosted their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Barclays boosted their target price on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Raymond James began coverage on shares of Duke Energy in a research note on Friday. They issued a "market perform" rating on the stock. Finally, 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 research report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Duke Energy currently has an average rating of "Moderate Buy" and a consensus price target of $125.81.

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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