Duke Energy Corporation (NYSE:DUK) Shares Bought by GF Fund Management CO. LTD.

by · The Cerbat Gem

GF Fund Management CO. LTD. grew its holdings in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,099 shares of the utilities provider’s stock after buying an additional 1,502 shares during the period. GF Fund Management CO. LTD.’s holdings in Duke Energy were worth $7,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mattson Financial Services LLC acquired a new stake in shares of Duke Energy in the 4th quarter valued at about $28,000. Vermillion Wealth Management Inc. acquired a new stake in Duke Energy in the fourth quarter valued at about $27,000. Parkworth Wealth Management Inc. acquired a new position in Duke Energy during the fourth quarter worth $28,000. WealthTrak Capital Management LLC purchased a new position in shares of Duke Energy in the 4th quarter valued at about $30,000. Finally, Rakuten Securities Inc. lifted its position in shares of Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 270 shares during the period. 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 firm has a fifty day moving average of $117.26 and a 200-day moving average of $115.30. Duke Energy Corporation has a 52-week low of $99.55 and a 52-week high of $125.27. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $91.39 billion, a P/E ratio of 19.50, a PEG ratio of 2.92 and a beta of 0.37.

Duke Energy (NYSE:DUK – Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.17. The firm had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. As a group, analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

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

Analysts Set New Price Targets

DUK has been the subject of a number of research analyst reports. Barclays dropped their price target on Duke Energy from $123.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday. Raymond James Financial initiated coverage on shares of Duke Energy in a research note on Friday, June 13th. They issued a “market perform” rating on the stock. Wells Fargo & Company lifted their target price on shares of Duke Energy from $127.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. 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 report on Wednesday, May 7th. Finally, UBS Group restated a “neutral” rating and set a $127.00 price objective (up from $126.00) on shares of Duke Energy in a research report on Monday, June 2nd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.88.

View Our Latest Analysis on DUK

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.

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