Stratos Investment Management LLC Purchases 2,849 Shares of Duke Energy Corporation (NYSE:DUK)

Stratos Investment Management LLC boosted its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 17,720 shares of the utilities provider's stock after purchasing an additional 2,849 shares during the period. Stratos Investment Management LLC's holdings in Duke Energy were worth $2,161,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Duke Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock worth $7,852,731,000 after purchasing an additional 779,054 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Duke Energy by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider's stock valued at $1,949,857,000 after acquiring an additional 124,863 shares during the period. Geode Capital Management LLC grew its position in shares of Duke Energy by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider's stock valued at $1,930,833,000 after acquiring an additional 385,612 shares during the period. Royal Bank of Canada grew its position in shares of Duke Energy by 4.4% during the 4th quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider's stock valued at $916,168,000 after acquiring an additional 357,967 shares during the period. Finally, Northern Trust Corp grew its position in shares of Duke Energy by 6.7% during the 4th quarter. Northern Trust Corp now owns 8,001,073 shares of the utilities provider's stock valued at $862,036,000 after acquiring an additional 499,652 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Down 0.1%

Shares of NYSE:DUK opened at $117.25 on Tuesday. The firm has a fifty day moving average price of $117.14 and a two-hundred day moving average price of $115.55. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50. Duke Energy Corporation has a one year low of $100.03 and a one year high of $125.27. The company has a market cap of $91.13 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.93 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The firm had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same period last year, the firm earned $1.44 EPS. The business's quarterly revenue was up 7.5% compared to the same quarter last year. Analysts anticipate that Duke Energy Corporation will post 6.33 EPS 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 issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy's dividend payout ratio is currently 69.32%.

Analyst Ratings Changes

DUK has been the subject of a number of research reports. Citigroup increased their target price on shares of Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. increased their target price 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. Raymond James Financial initiated coverage on shares of Duke Energy in a research report on Friday, June 13th. They set a "market perform" rating for the company. Morgan Stanley reduced their target price on shares of Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Finally, UBS Group reissued a "neutral" rating and set a $127.00 target price (up from $126.00) on shares of Duke Energy in a research report on Monday, June 2nd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.88.

Duke Energy 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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