Duncker Streett & Co. Inc. boosted its stake in Duke Energy Corp (NYSE:DUK) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,497 shares of the utilities provider’s stock after acquiring an additional 323 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Duke Energy were worth $675,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Canton Hathaway LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at approximately $25,000. Proficio Capital Partners LLC raised its position in shares of Duke Energy by 59.0% in the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 164 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Duke Energy in the 1st quarter valued at approximately $39,000. Vigilant Capital Management LLC acquired a new position in shares of Duke Energy in the 4th quarter valued at approximately $43,000. Finally, Sontag Advisory LLC acquired a new position in shares of Duke Energy in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 60.93% of the company’s stock.
A number of equities analysts have issued reports on the company. Bank of America upped their target price on Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Monday, March 11th. Morgan Stanley upped their target price on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $86.10.
DUK stock opened at $89.48 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.17. The company has a market cap of $65.60 billion, a P/E ratio of 19.18, a PEG ratio of 3.66 and a beta of 0.06. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.67.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.05). The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. Sell-side analysts expect that Duke Energy Corp will post 4.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be given a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s dividend payout ratio is currently 78.60%.
In related news, COO Dhiaa M. Jamil sold 750 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total transaction of $67,312.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Melissa H. Anderson sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total value of $174,980.00. Following the transaction, the executive vice president now owns 18,198 shares of the company’s stock, valued at $1,592,143.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,250 shares of company stock worth $1,900,878. Corporate insiders own 0.09% of the company’s stock.
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Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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