Truist Financial Corp Has $90.45 Million Holdings in Duke Energy Corporation (NYSE:DUK)

Truist Financial Corp decreased its holdings in Duke Energy Corporation (NYSE:DUK) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 741,561 shares of the utilities provider’s stock after selling 2,032 shares during the period. Truist Financial Corp owned about 0.10% of Duke Energy worth $90,448,000 at the end of the most recent quarter.

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

Duke Energy Price Performance

Duke Energy stock opened at $117.59 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.50 and a current ratio of 0.77. Duke Energy Corporation has a 52 week low of $100.03 and a 52 week high of $125.27. The stock has a market capitalization of $91.39 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.93 and a beta of 0.37. The stock has a fifty day moving average of $117.21 and a 200-day moving average of $115.43.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were paid a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.55%. Duke Energy’s payout ratio is presently 69.32%.

Analyst Ratings Changes

DUK has been the topic of a number of research reports. UBS Group reaffirmed a “neutral” rating and issued a $127.00 price objective (up from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Morgan Stanley lowered their price target on shares of Duke Energy from $125.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. Barclays dropped their price objective on shares of Duke Energy from $123.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, July 1st. Raymond James Financial began coverage on shares of Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating on the stock. Finally, Citigroup lifted their price target on shares of Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.88.

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.