Charles Schwab Trust Co Purchases 200 Shares of Duke Energy Co. (NYSE:DUK)

by · The Cerbat Gem

Charles Schwab Trust Co grew its position in Duke Energy Co. (NYSE:DUK – Free Report) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,207 shares of the utilities provider’s stock after purchasing an additional 200 shares during the quarter. Charles Schwab Trust Co’s holdings in Duke Energy were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vermillion Wealth Management Inc. purchased a new position in shares of Duke Energy in the fourth quarter worth $27,000. Parkworth Wealth Management Inc. purchased a new position in shares of Duke Energy in the fourth quarter worth $28,000. Mattson Financial Services LLC purchased a new position in shares of Duke Energy in the fourth quarter worth $28,000. WealthTrak Capital Management LLC purchased a new position in shares of Duke Energy in the fourth quarter worth $30,000. Finally, Sierra Ocean LLC purchased a new position in shares of Duke Energy in the fourth quarter worth $31,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Down 0.3%

Shares of Duke Energy stock opened at $115.63 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a 1 year low of $99.21 and a 1 year high of $125.27. The firm’s 50-day moving average is $118.54 and its two-hundred day moving average is $114.89. The stock has a market cap of $89.88 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.79 and a beta of 0.37.

Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.17. The business had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $7.70 billion. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $1.44 EPS. As a group, research analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is 69.32%.

Analyst Upgrades and Downgrades

DUK has been the topic of several research analyst reports. Jefferies Financial Group boosted their target price on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Guggenheim upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. BMO Capital Markets decreased their price target on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Citigroup upped their price target on shares of Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, UBS Group upped their price target on shares of Duke Energy from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.81.

Get Our Latest Research Report on Duke Energy

Duke Energy Profile

(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.

Read More

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUK – Free Report).