Duke Energy Corporation (NYSE:DUK) Shares Acquired by Pegasus Asset Management Inc.

Pegasus Asset Management Inc. lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 3.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,916 shares of the utilities provider’s stock after acquiring an additional 1,357 shares during the period. Duke Energy accounts for approximately 1.8% of Pegasus Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Pegasus Asset Management Inc.’s holdings in Duke Energy were worth $4,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Toth Financial Advisory Corp lifted its holdings in Duke Energy by 31.6% in the 1st quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 83 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Duke Energy by 2.8% during the 1st quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider’s stock valued at $370,000 after acquiring an additional 84 shares during the last quarter. Quent Capital LLC increased its stake in shares of Duke Energy by 3.0% during the 1st quarter. Quent Capital LLC now owns 2,993 shares of the utilities provider’s stock valued at $365,000 after acquiring an additional 86 shares during the last quarter. Alhambra Investment Management LLC increased its stake in shares of Duke Energy by 4.1% during the 1st quarter. Alhambra Investment Management LLC now owns 2,268 shares of the utilities provider’s stock valued at $277,000 after acquiring an additional 90 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its stake in shares of Duke Energy by 4.0% during the 1st quarter. Sivia Capital Partners LLC now owns 2,344 shares of the utilities provider’s stock valued at $286,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.6%

Shares of NYSE:DUK opened at $114.77 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. Duke Energy Corporation has a 52-week low of $99.21 and a 52-week high of $125.27. The company has a 50 day moving average of $118.10 and a two-hundred day moving average of $114.90. The company has a market capitalization of $89.20 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 2.88 and a beta of 0.37.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data 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. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter last year, the company earned $1.44 earnings per share. Duke Energy’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.64%. The ex-dividend date was Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is 69.32%.

Analyst Ratings Changes

DUK has been the subject of a number of research analyst reports. Guggenheim upped their price objective 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. Barclays upped their price objective on shares of Duke Energy from $111.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Morgan Stanley dropped their price objective on shares of Duke Energy from $126.00 to $125.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. Jefferies Financial Group increased their target price on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Citigroup increased their target price on shares of Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.81.

Duke Energy Company Profile

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.