Trust Co. of Toledo NA OH Purchases 7,637 Shares of Duke Energy Corporation (NYSE:DUK)

Trust Co. of Toledo NA OH raised its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,953 shares of the utilities provider's stock after purchasing an additional 7,637 shares during the period. Trust Co. of Toledo NA OH's holdings in Duke Energy were worth $4,263,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Mattson Financial Services LLC purchased a new stake in shares of Duke Energy in the 4th quarter valued at $28,000. Vermillion Wealth Management Inc. purchased a new stake in Duke Energy during the fourth quarter valued at about $27,000. Parkworth Wealth Management Inc. bought a new position in shares of Duke Energy during the fourth quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new position in shares of Duke Energy in the fourth quarter worth about $30,000. Finally, Rakuten Securities Inc. lifted its stake in shares of Duke Energy by 1,500.0% in 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 during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Stock Down 0.3%

NYSE:DUK traded down $0.30 during trading hours on Wednesday, reaching $114.50. 2,937,792 shares of the company traded hands, compared to its average volume of 3,453,296. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. The business's 50-day moving average price is $118.10 and its two-hundred day moving average price is $114.90. Duke Energy Corporation has a 1 year low of $99.21 and a 1 year high of $125.27. The stock has a market capitalization of $88.99 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.88 and a beta of 0.37.

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 for the quarter, beating 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 business had revenue of $8.25 billion during the quarter, compared to analyst estimates of $7.70 billion. During the same period last year, the business earned $1.44 EPS. Duke Energy's revenue was up 7.5% compared to the same quarter last year. Analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were given a dividend of $1.045 per share. The ex-dividend date was Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.65%. Duke Energy's dividend payout ratio (DPR) is presently 69.32%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company lifted their price target on Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. UBS Group reaffirmed a "neutral" rating and issued a $127.00 target price (up from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. BMO Capital Markets lowered their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Jefferies Financial Group raised their price target on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Raymond James Financial initiated coverage on Duke Energy in a research note on Friday, June 13th. They issued a "market perform" rating on the stock. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.75.

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.