Jackson Hole Capital Partners LLC Has $5.43 Million Position in Duke Energy Corporation (NYSE:DUK)

Jackson Hole Capital Partners LLC cut its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,517 shares of the utilities provider’s stock after selling 836 shares during the quarter. Duke Energy makes up approximately 1.1% of Jackson Hole Capital Partners LLC’s portfolio, making the stock its 24th biggest position. Jackson Hole Capital Partners LLC’s holdings in Duke Energy were worth $5,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DUK. Wayfinding Financial LLC bought a new position in shares of Duke Energy in the 1st quarter worth about $27,000. Mattson Financial Services LLC bought a new position in shares of Duke Energy in the 4th quarter worth about $28,000. Vermillion Wealth Management Inc. bought a new position in shares of Duke Energy in the 4th quarter worth about $27,000. WealthTrak Capital Management LLC bought a new position in shares of Duke Energy in the 4th quarter worth about $30,000. Finally, American National Bank & Trust acquired a new stake in shares of Duke Energy in the 1st quarter valued at about $36,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DUK shares. Raymond James Financial started coverage on Duke Energy in a research note on Friday, June 13th. They issued a “market perform” rating for the company. Citigroup raised their target price on Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Morgan Stanley reduced their target price on Duke Energy from $125.00 to $124.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. Wells Fargo & Company upped their price objective on shares of Duke Energy from $127.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $127.00 price target (up previously from $124.00) on shares of Duke Energy in a research report on Friday, July 11th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.25.

Duke Energy Stock Performance

Shares of DUK traded up $0.12 on Thursday, reaching $119.63. 332,300 shares of the company’s stock traded hands, compared to its average volume of 3,589,712. The stock’s 50 day simple moving average is $116.80 and its two-hundred day simple moving average is $116.28. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $125.27. The stock has a market cap of $92.98 billion, a PE ratio of 19.87, a PEG ratio of 3.02 and a beta of 0.37.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (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 company had revenue of $8.25 billion during the quarter, compared to analyst estimates of $7.70 billion. During the same quarter last year, the business posted $1.44 EPS. Duke Energy’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts forecast 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 paid a dividend of $1.065 per share. The ex-dividend date is Friday, August 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.56%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s dividend payout ratio (DPR) is presently 69.32%.

About Duke Energy

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.