Sequent Asset Management LLC Buys Shares of 2,918 Duke Energy Corporation (NYSE:DUK)

Sequent Asset Management LLC bought a new position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 2,918 shares of the utilities provider's stock, valued at approximately $356,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Brookstone Capital Management grew its holdings in Duke Energy by 3.9% during the first quarter. Brookstone Capital Management now owns 121,572 shares of the utilities provider's stock valued at $14,828,000 after purchasing an additional 4,574 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its position in shares of Duke Energy by 1.6% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 42,619 shares of the utilities provider's stock worth $5,198,000 after purchasing an additional 688 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Duke Energy by 6.3% in the 1st quarter. IFM Investors Pty Ltd now owns 231,209 shares of the utilities provider's stock valued at $26,658,000 after buying an additional 13,749 shares during the period. GF Fund Management CO. LTD. increased its position in shares of Duke Energy by 2.7% in the 1st quarter. GF Fund Management CO. LTD. now owns 58,099 shares of the utilities provider's stock valued at $7,086,000 after buying an additional 1,502 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in Duke Energy by 0.3% during the 1st quarter. OneDigital Investment Advisors LLC now owns 49,202 shares of the utilities provider's stock worth $6,001,000 after buying an additional 140 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Up 0.4%

Duke Energy stock opened at $117.59 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. Duke Energy Corporation has a 1-year low of $99.55 and a 1-year high of $125.27. The company has a fifty day simple moving average of $117.26 and a 200 day simple moving average of $115.30. The company has a market cap of $91.39 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.92 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last announced 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. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The company had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. During the same quarter last year, the company earned $1.44 EPS. Duke Energy's revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Friday, May 16th. Duke Energy's dividend payout ratio is currently 69.32%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DUK shares. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a research note on Tuesday. BMO Capital Markets decreased their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Morgan Stanley reduced their price target on shares of Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Finally, UBS Group restated a "neutral" rating and set a $127.00 price objective (up from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.88.

About Duke Energy

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.

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.