Camelot Portfolios LLC Takes Position in Duke Energy Corporation $DUK

Camelot Portfolios LLC bought a new position in Duke Energy Corporation (NYSE:DUK) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 6,473 shares of the utilities provider’s stock, valued at approximately $819,000.

Several other institutional investors also recently bought and sold shares of the business. Ables Iannone Moore & Associates Inc. increased its stake in Duke Energy by 1.2% in the second quarter. Ables Iannone Moore & Associates Inc. now owns 6,623 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 80 shares during the last quarter. Sharp Wealth Advisory LLC boosted its stake in Duke Energy by 4.5% in the 1st quarter. Sharp Wealth Advisory LLC now owns 1,876 shares of the utilities provider’s stock worth $246,000 after buying an additional 81 shares during the last quarter. Absher Wealth Management LLC grew its holdings in Duke Energy by 2.3% in the 1st quarter. Absher Wealth Management LLC now owns 3,648 shares of the utilities provider’s stock valued at $478,000 after buying an additional 81 shares during the period. A4 Wealth Advisors LLC increased its stake in shares of Duke Energy by 3.3% during the 4th quarter. A4 Wealth Advisors LLC now owns 2,597 shares of the utilities provider’s stock valued at $304,000 after acquiring an additional 82 shares during the last quarter. Finally, Elm Partners Management LLC lifted its holdings in shares of Duke Energy by 0.9% during the 4th quarter. Elm Partners Management LLC now owns 9,254 shares of the utilities provider’s stock worth $1,085,000 after acquiring an additional 83 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DUK. Jefferies Financial Group lowered their target price on shares of Duke Energy from $143.00 to $138.00 in a report on Monday, May 11th. BMO Capital Markets cut their price target on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Morgan Stanley decreased their price target on shares of Duke Energy from $138.00 to $133.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. KeyCorp upgraded Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 price objective for the company in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on Duke Energy from $136.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $137.94.

Duke Energy Stock Down 0.0%

Shares of NYSE DUK opened at $120.20 on Monday. The stock has a fifty day moving average price of $125.32 and a 200 day moving average price of $126.64. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. Duke Energy Corporation has a 12-month low of $113.89 and a 12-month high of $134.49. The company has a market cap of $93.72 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.81 and a beta of 0.38.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $7.66 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Research analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a $1.085 dividend. 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 currently 65.17%.

About Duke Energy

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.