9,308 Shares in Duke Energy Corporation $DUK Bought by Field & Main Bank

Field & Main Bank purchased a new stake in Duke Energy Corporation (NYSE:DUK) during the second quarter, Holdings Channel reports. The institutional investor purchased 9,308 shares of the utilities provider’s stock, valued at approximately $1,178,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Basso Capital Management L.P. purchased a new stake in shares of Duke Energy during the fourth quarter worth approximately $25,000. Evolution Wealth Management Inc. lifted its stake in Duke Energy by 1,111.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Triumph Capital Management grew its holdings in Duke Energy by 68.6% during the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 94 shares in the last quarter. Cornerstone Financial Management LLC acquired a new position in Duke Energy during the 4th quarter worth approximately $28,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Duke Energy in the 1st quarter valued at approximately $36,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Duke Energy from $138.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, August 17th. BTIG Research restated a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a report on Friday, July 31st. Mizuho set a $136.00 price objective on Duke Energy in a research report on Wednesday, August 5th. Finally, KeyCorp upgraded Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 price objective on the stock in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.94.

Duke Energy Price Performance

Shares of DUK opened at $120.20 on Friday. Duke Energy Corporation has a 1-year low of $113.89 and a 1-year high of $134.49. The stock has a market cap of $93.72 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.82 and a beta of 0.38. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43. The firm has a fifty day moving average price of $125.32 and a 200 day moving average price of $126.61.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.The company had revenue of $7.59 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the company posted $1.25 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a dividend of $1.085 per share. The ex-dividend date is Friday, August 14th. This represents a $4.34 dividend on an annualized basis and a yield of 3.6%. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio (DPR) is 65.17%.

Duke Energy Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.