Orion Portfolio Solutions LLC raised its position in shares of Duke Energy Corp (NYSE:DUK) by 8.5% in the second quarter, HoldingsChannel reports. The firm owned 10,864 shares of the utilities provider’s stock after buying an additional 854 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Duke Energy were worth $868,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in DUK. Marshall Wace LLP bought a new stake in shares of Duke Energy during the 1st quarter valued at about $79,000. Public Employees Retirement Association of Colorado grew its stake in shares of Duke Energy by 11.3% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 137,697 shares of the utilities provider’s stock valued at $11,137,000 after purchasing an additional 13,986 shares during the period. Homrich & Berg grew its stake in shares of Duke Energy by 9.1% during the 1st quarter. Homrich & Berg now owns 13,194 shares of the utilities provider’s stock valued at $1,067,000 after purchasing an additional 1,104 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Duke Energy by 537.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 73,626 shares of the utilities provider’s stock valued at $5,955,000 after purchasing an additional 62,075 shares during the period. Finally, Mackay Shields LLC grew its stake in shares of Duke Energy by 0.6% during the 1st quarter. Mackay Shields LLC now owns 128,410 shares of the utilities provider’s stock valued at $10,386,000 after purchasing an additional 754 shares during the period. Institutional investors and hedge funds own 63.79% of the company’s stock.
A number of equities research analysts have issued reports on DUK shares. BofA Securities upgraded Duke Energy from a “neutral” rating to a “buy” rating and cut their price target for the company from $87.00 to $85.00 in a research note on Wednesday, September 9th. Seaport Global Securities initiated coverage on Duke Energy in a research note on Tuesday, June 9th. They set a “neutral” rating for the company. Wells Fargo & Company cut their price objective on Duke Energy from $108.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. Morgan Stanley boosted their price objective on Duke Energy from $89.00 to $96.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Finally, Bank of America upgraded Duke Energy from a “neutral” rating to a “buy” rating and cut their price objective for the company from $87.00 to $85.00 in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $93.47.
NYSE DUK traded up $0.71 during trading hours on Wednesday, reaching $85.16. The company’s stock had a trading volume of 44,320 shares, compared to its average volume of 3,873,046. The firm’s 50-day moving average price is $82.45 and its 200-day moving average price is $83.93. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.26. Duke Energy Corp has a 1 year low of $62.13 and a 1 year high of $103.79. The company has a market capitalization of $62.06 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 3.81 and a beta of 0.27.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, August 10th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.05. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.86 billion. Duke Energy had a return on equity of 8.10% and a net margin of 8.76%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. Equities research analysts anticipate that Duke Energy Corp will post 5.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.965 per share. This represents a $3.86 annualized dividend and a dividend yield of 4.53%. This is a boost from Duke Energy’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, August 13th. Duke Energy’s dividend payout ratio is 76.28%.
Duke Energy Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
Further Reading: How to Profit and Limit Losses With Stop Orders
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 Corp (NYSE:DUK).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.