Stratos Wealth Advisors LLC lessened its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 24.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,588 shares of the utilities provider's stock after selling 2,149 shares during the period. Stratos Wealth Advisors LLC's holdings in Duke Energy were worth $804,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of DUK. Brighton Jones LLC lifted 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 worth $728,000 after acquiring an additional 700 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Duke Energy in the 4th quarter worth approximately $282,000. Davis R M Inc. lifted its stake in shares of Duke Energy by 25.5% in the 4th quarter. Davis R M Inc. now owns 4,786 shares of the utilities provider's stock worth $516,000 after acquiring an additional 971 shares during the period. Citizens Financial Group Inc. RI lifted its stake in shares of Duke Energy by 22.3% in the 4th quarter. Citizens Financial Group Inc. RI now owns 10,399 shares of the utilities provider's stock worth $1,120,000 after acquiring an additional 1,896 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in shares of Duke Energy by 3.7% in the 4th quarter. Moors & Cabot Inc. now owns 51,252 shares of the utilities provider's stock worth $5,522,000 after acquiring an additional 1,808 shares during the period. Institutional investors own 65.31% of the company's stock.
Duke Energy Price Performance
Shares of NYSE:DUK traded down $1.05 during midday trading on Friday, reaching $117.12. 722,759 shares of the company's stock were exchanged, compared to its average volume of 3,469,124. The company's 50 day simple moving average is $116.87 and its two-hundred day simple moving average is $115.64. The firm has a market capitalization of $91.04 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.93 and a beta of 0.37. Duke Energy Corporation has a 12 month low of $102.66 and a 12 month high of $125.27. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.50 and a current ratio of 0.77.
Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The company 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 firm's revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.
Duke Energy Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.57%. Duke Energy's dividend payout ratio (DPR) is currently 69.32%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on DUK shares. Barclays reduced their price target on shares of Duke Energy from $123.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Citigroup upped their price target 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. Raymond James Financial initiated coverage on shares of Duke Energy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research note on Tuesday, July 1st. Finally, BMO Capital Markets dropped 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 ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.88.
Check Out Our Latest Research Report on DUK
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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