Wesbanco Bank Inc. boosted its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 23.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 74,769 shares of the utilities provider's stock after buying an additional 14,161 shares during the period. Wesbanco Bank Inc.'s holdings in Duke Energy were worth $9,120,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Mattson Financial Services LLC acquired a new position in Duke Energy in the 4th quarter valued at about $28,000. Vermillion Wealth Management Inc. acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $27,000. Parkworth Wealth Management Inc. acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $30,000. Finally, Rakuten Securities Inc. grew its position in shares of Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.
Duke Energy Price Performance
DUK stock opened at $115.22 on Monday. The company has a fifty day moving average price of $118.43 and a 200-day moving average price of $114.91. The company has a market capitalization of $89.56 billion, a P/E ratio of 20.18, a PEG ratio of 2.79 and a beta of 0.37. Duke Energy Co. has a 52-week low of $99.21 and a 52-week high of $125.27. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.
Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.17. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. The company had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. During the same period in the prior year, the company posted $1.44 earnings per share. Duke Energy's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities analysts expect that Duke Energy Co. will post 6.33 EPS for the current year.
Duke Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy's dividend payout ratio (DPR) is currently 69.32%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Barclays increased their target price on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. BMO Capital Markets decreased their target price 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. UBS Group reiterated 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. Guggenheim increased their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley reduced their price target on shares of Duke Energy from $126.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.81.
Check Out Our Latest Analysis on DUK
Duke Energy Company 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.
See Also
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUK - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Duke Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Duke Energy wasn't on the list.
While Duke Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
