Duke Energy Corporation (NYSE:DUK) Shares Purchased by PDS Planning Inc

PDS Planning Inc raised its position in Duke Energy Corporation (NYSE:DUK) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,525 shares of the utilities provider’s stock after purchasing an additional 147 shares during the quarter. PDS Planning Inc’s holdings in Duke Energy were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake 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 valued at $7,852,731,000 after acquiring an additional 779,054 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Duke Energy by 0.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider’s stock valued at $1,949,857,000 after purchasing an additional 124,863 shares in the last quarter. Geode Capital Management LLC grew its position in Duke Energy by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider’s stock valued at $1,930,833,000 after buying an additional 385,612 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Duke Energy by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider’s stock valued at $922,529,000 after buying an additional 135,665 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Duke Energy by 4.4% during the 4th quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider’s stock worth $916,168,000 after buying an additional 357,967 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 0.4%

NYSE DUK opened at $116.39 on Friday. The firm’s 50 day moving average price is $117.62 and its two-hundred day moving average price is $115.01. The stock has a market cap of $90.47 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.90 and a beta of 0.37. Duke Energy Corporation has a twelve month low of $99.21 and a twelve month high of $125.27. 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 (NYSE:DUK) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.17. The business had revenue of $8.25 billion for 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%. Duke Energy’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 earnings per share. Equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is currently 69.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup increased their price objective 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. Wells Fargo & Company lifted their price target on Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price objective on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. BMO Capital Markets lowered their target price on Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. Finally, Guggenheim upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average price target of $126.94.

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.