Duke Energy Corporation (NYSE:DUK) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 19.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,521 shares of the utilities provider's stock after purchasing an additional 2,734 shares during the quarter. Summit Trail Advisors LLC's holdings in Duke Energy were worth $2,015,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new stake in Duke Energy during the 4th quarter worth $27,000. Parkworth Wealth Management Inc. purchased a new position in shares of Duke Energy in the fourth quarter worth about $28,000. Mattson Financial Services LLC acquired a new position in Duke Energy during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC acquired a new position in Duke Energy during the fourth quarter worth about $30,000. Finally, Rakuten Securities Inc. grew its stake in Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company's stock.

Duke Energy Trading Up 0.7%

Shares of NYSE:DUK traded up $0.84 during mid-day trading on Tuesday, reaching $118.84. 3,498,645 shares of the company were exchanged, compared to its average volume of 3,472,692. The firm has a market cap of $92.37 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 2.92 and a beta of 0.37. 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 1 year low of $99.21 and a 1 year high of $125.27. The firm's 50-day simple moving average is $117.48 and its 200 day simple moving average is $115.19.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. 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 previous year, the firm posted $1.44 earnings per share. The company's revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were given 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 3.52%. Duke Energy's dividend payout ratio is presently 69.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DUK shares. Barclays lowered their target price on Duke Energy from $123.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday. Wells Fargo & Company boosted their price objective on Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. upped their target price on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. BMO Capital Markets reduced their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Finally, UBS Group reissued a "neutral" rating and set a $127.00 price target (up previously from $126.00) on shares of Duke Energy in a research report on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.88.

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.