JBR Co Financial Management Inc Raises Stock Holdings in Duke Energy Corporation (NYSE:DUK)

JBR Co Financial Management Inc lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,028 shares of the utilities provider’s stock after acquiring an additional 500 shares during the period. JBR Co Financial Management Inc’s holdings in Duke Energy were worth $1,223,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of Duke Energy by 14,268.8% in the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider’s stock valued at $202,858,000 after purchasing an additional 1,651,608 shares during the period. ExodusPoint Capital Management LP purchased a new position in Duke Energy in the 4th quarter valued at $163,819,000. Capital Wealth Planning LLC increased its stake in Duke Energy by 116.5% in the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider’s stock valued at $222,520,000 after buying an additional 1,111,581 shares during the period. Vanguard Group Inc. raised its position in Duke Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock worth $7,852,731,000 after buying an additional 779,054 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Duke Energy by 14.8% in the 4th quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider’s stock worth $521,322,000 after acquiring an additional 625,008 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.6%

DUK stock opened at $114.77 on Wednesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50. Duke Energy Corporation has a 12 month low of $99.21 and a 12 month high of $125.27. The firm has a market capitalization of $89.20 billion, a PE ratio of 19.03, a P/E/G ratio of 2.88 and a beta of 0.37. The company’s 50 day simple moving average is $118.10 and its 200-day simple moving average is $114.90.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.70 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy’s payout ratio is 69.32%.

Analyst Upgrades and Downgrades

DUK has been the subject of several analyst reports. Raymond James Financial began coverage on shares of Duke Energy in a report on Friday, June 13th. They set a “market perform” rating for the company. Barclays increased their target price on Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price target on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Citigroup increased their price objective on Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company boosted 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. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.