Woodmont Investment Counsel LLC boosted its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,733 shares of the utilities provider's stock after acquiring an additional 5,593 shares during the quarter. Duke Energy comprises about 1.5% of Woodmont Investment Counsel LLC's holdings, making the stock its 15th largest holding. Woodmont Investment Counsel LLC's holdings in Duke Energy were worth $21,068,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of DUK. Bcwm LLC purchased a new position in shares of Duke Energy during the 4th quarter valued at approximately $9,815,000. Bailard Inc. raised its holdings in Duke Energy by 10.9% in the fourth quarter. Bailard Inc. now owns 31,921 shares of the utilities provider's stock valued at $3,439,000 after acquiring an additional 3,139 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Duke Energy by 25.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider's stock valued at $3,852,000 after acquiring an additional 7,319 shares during the last quarter. First Business Financial Services Inc. acquired a new position in Duke Energy during the 4th quarter worth $384,000. Finally, Alley Investment Management Company LLC raised its stake in shares of Duke Energy by 36.4% in the 4th quarter. Alley Investment Management Company LLC now owns 76,477 shares of the utilities provider's stock valued at $8,240,000 after purchasing an additional 20,414 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.
Duke Energy Stock Performance
Shares of DUK traded up $0.01 during mid-day trading on Tuesday, reaching $116.98. 2,470,017 shares of the company's stock traded hands, compared to its average volume of 3,455,612. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.50 and a current ratio of 0.77. The business's 50-day moving average price is $117.88 and its 200-day moving average price is $114.95. The stock has a market capitalization of $90.92 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.37. Duke Energy Corporation has a 12 month low of $99.21 and a 12 month high of $125.27.
Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.17. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The firm had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current 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 $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Friday, May 16th. Duke Energy's dividend payout ratio is currently 69.32%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on DUK. Wells Fargo & Company boosted their price objective on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Guggenheim upped their price target on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Barclays lifted their price objective on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. increased their target price on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $127.00 price target (up from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.75.
View Our Latest Stock Analysis on DUK
About Duke Energy
(
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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