Duke Energy Corporation (NYSE:DUK) Shares Sold by Davis R M Inc.

by · The Cerbat Gem

Davis R M Inc. trimmed its position in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,610 shares of the utilities provider’s stock after selling 176 shares during the period. Davis R M Inc.’s holdings in Duke Energy were worth $562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investment Management Corp of Ontario increased its holdings in shares of Duke Energy by 212.8% during the 4th quarter. Investment Management Corp of Ontario now owns 79,989 shares of the utilities provider’s stock worth $8,618,000 after buying an additional 54,413 shares during the last quarter. Andrew Hill Investment Advisors Inc. increased its holdings in shares of Duke Energy by 338.6% during the 1st quarter. Andrew Hill Investment Advisors Inc. now owns 37,763 shares of the utilities provider’s stock worth $4,606,000 after buying an additional 29,153 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Duke Energy by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 291,667 shares of the utilities provider’s stock worth $35,575,000 after buying an additional 20,942 shares during the last quarter. Pinnacle Financial Partners Inc increased its holdings in Duke Energy by 9.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 127,419 shares of the utilities provider’s stock valued at $14,451,000 after purchasing an additional 11,445 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. increased its holdings in Duke Energy by 8.1% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock valued at $6,264,000 after purchasing an additional 3,837 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company increased their price target on Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Morgan Stanley lowered their price target on Duke Energy from $125.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. Raymond James Financial assumed coverage on Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating for the company. Citigroup increased their price target on 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 reiterated a “neutral” rating and issued a $127.00 price target (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $127.25.

Check Out Our Latest Analysis on DUK

Duke Energy Stock Performance

Shares of DUK stock opened at $121.71 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 one year low of $105.20 and a one year high of $125.27. The company’s 50-day simple moving average is $117.22 and its 200-day simple moving average is $116.81. The stock has a market capitalization of $94.60 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 3.01 and a beta of 0.37.

Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly 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 net margin of 15.40% and a return on equity of 9.88%. The business had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $7.70 billion. During the same quarter last year, the company posted $1.44 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be given a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. Duke Energy’s dividend payout ratio is 70.65%.

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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