Duke Energy Corporation (NYSE:DUK) Stock Holdings Trimmed by PSI Advisors LLC

PSI Advisors LLC cut its position in shares of Duke Energy Corporation (NYSE:DUK) by 42.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,901 shares of the utilities provider’s stock after selling 2,112 shares during the quarter. PSI Advisors LLC’s holdings in Duke Energy were worth $354,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of DUK. Vermillion Wealth Management Inc. acquired a new position in shares of Duke Energy during the 4th quarter valued at $27,000. Parkworth Wealth Management Inc. acquired a new position in shares of Duke Energy during the 4th quarter valued at $28,000. Mattson Financial Services LLC acquired a new position in shares of Duke Energy during the 4th quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new position in shares of Duke Energy during the 4th quarter valued at $30,000. Finally, Sierra Ocean LLC acquired a new position in shares of Duke Energy in the 4th quarter worth $31,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUK has been the topic of a number of recent research reports. BMO Capital Markets decreased 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. JPMorgan Chase & Co. lifted their target price on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Morgan Stanley decreased their target price on Duke Energy from $126.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, May 22nd. Guggenheim lifted their target price on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, Raymond James Financial began coverage on Duke Energy in a report on Friday, June 13th. They set a “market perform” rating on the stock. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.81.

Duke Energy Price Performance

DUK opened at $114.77 on Wednesday. The stock has a market cap of $89.20 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.88 and a beta of 0.37. Duke Energy Corporation has a 1 year low of $99.21 and a 1 year high of $125.27. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. The stock has a fifty day moving average price of $118.10 and a 200 day moving average price of $114.90.

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

Duke Energy Dividend Announcement

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

Duke Energy 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.