US Bancorp DE Boosts Holdings in Duke Energy Corporation (NYSE:DUK)

Key Points

• US Bancorp DE increased its holdings in Duke Energy by 0.8% in Q1, bringing its total shares to 396,360, valued at around $48.34 million.
• Duke Energy recently announced a quarterly dividend of $1.065 per share, with an annualized dividend yield of 3.5%, marking an increase from its previous dividend of $1.05.
• In its latest earnings report, Duke Energy surpassed analysts' expectations with earnings per share of $1.76 and reported revenue of $8.25 billion, an increase of 7.5% year-over-year.

US Bancorp DE grew its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 0.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 396,360 shares of the utilities provider's stock after purchasing an additional 3,108 shares during the period. US Bancorp DE owned approximately 0.05% of Duke Energy worth $48,344,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DUK. Brighton Jones LLC increased its stake in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider's stock worth $728,000 after buying an additional 700 shares during the last quarter. World Investment Advisors boosted its stake in Duke Energy by 121.6% during the 4th quarter. World Investment Advisors now owns 19,713 shares of the utilities provider's stock valued at $2,124,000 after purchasing an additional 10,816 shares during the period. Arete Wealth Advisors LLC boosted its stake in Duke Energy by 57.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 8,519 shares of the utilities provider's stock valued at $917,000 after purchasing an additional 3,106 shares during the period. Smith Moore & CO. raised its position in shares of Duke Energy by 3.0% during the 4th quarter. Smith Moore & CO. now owns 19,035 shares of the utilities provider's stock worth $2,051,000 after buying an additional 554 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Duke Energy during the 4th quarter worth about $32,525,000. Hedge funds and other institutional investors own 65.31% of the company's stock.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $122.97 on Friday. 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 fifty-two week low of $105.20 and a fifty-two week high of $125.27. The firm has a fifty day moving average price of $117.35 and a two-hundred day moving average price of $116.92. The company has a market cap of $95.58 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.94 and a beta of 0.36.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) 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 company had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business's revenue was up 7.5% on a year-over-year basis. Analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's payout ratio is currently 69.32%.

Wall Street Analyst Weigh In

A number of research firms recently commented on DUK. Barclays dropped their target price on shares of Duke Energy from $123.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Raymond James Financial initiated coverage on shares of Duke Energy in a research report on Friday, June 13th. They issued a "market perform" rating on the stock. UBS Group reaffirmed a "neutral" rating and set a $127.00 price objective (up from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. BMO Capital Markets lowered their price objective on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley decreased 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. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Duke Energy has a consensus rating of "Moderate Buy" and a consensus target price of $127.25.

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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