Siemens Fonds Invest GmbH boosted its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 190.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,206 shares of the utilities provider's stock after purchasing an additional 11,944 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Duke Energy were worth $1,961,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of DUK. Brighton Jones LLC raised its stake in shares of Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider's stock valued at $728,000 after buying an additional 700 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Duke Energy by 5.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 4,256 shares of the utilities provider's stock worth $459,000 after acquiring an additional 229 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Duke Energy by 54.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,121 shares of the utilities provider's stock worth $444,000 after acquiring an additional 1,458 shares during the last quarter. Drive Wealth Management LLC bought a new position in shares of Duke Energy in the 4th quarter valued at about $227,000. Finally, Blue Trust Inc. boosted its stake in shares of Duke Energy by 18.7% in the 4th quarter. Blue Trust Inc. now owns 24,772 shares of the utilities provider's stock valued at $2,856,000 after purchasing an additional 3,908 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on DUK. JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Barclays raised 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. Morgan Stanley decreased their target price on shares of Duke Energy from $126.00 to $125.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Guggenheim upped their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets decreased their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.81.
Get Our Latest Report on DUK
Duke Energy Price Performance
Shares of DUK stock traded up $2.16 on Friday, reaching $117.61. The company had a trading volume of 8,077,893 shares, compared to its average volume of 3,461,048. The business's 50-day moving average is $118.76 and its 200 day moving average is $114.82. Duke Energy Co. has a one year low of $99.21 and a one year high of $125.27. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $91.41 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39.
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 (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.17. The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Equities research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Duke Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, May 16th. Duke Energy's dividend payout ratio is presently 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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