Eagle Strategies LLC Makes New $305,000 Investment in Duke Energy Corporation (NYSE:DUK)

Eagle Strategies LLC acquired a new position in Duke Energy Corporation (NYSE:DUK) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,504 shares of the utilities provider’s stock, valued at approximately $305,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toth Financial Advisory Corp lifted its position in shares of Duke Energy by 31.6% during the 1st quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 83 shares during the period. Revolve Wealth Partners LLC lifted its position 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 period. Quent Capital LLC lifted its position 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 period. Grandview Asset Management LLC lifted its position in shares of Duke Energy by 0.6% during the 1st quarter. Grandview Asset Management LLC now owns 14,135 shares of the utilities provider’s stock valued at $1,724,000 after acquiring an additional 86 shares during the period. Finally, Alhambra Investment Management LLC lifted its position 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 period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

NYSE DUK opened at $116.98 on Tuesday. Duke Energy Corporation has a 1 year low of $99.21 and a 1 year high of $125.27. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50. The firm has a market cap of $90.92 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 2.88 and a beta of 0.37. The company has a fifty day moving average price of $117.88 and a 200-day moving average price of $114.95.

Duke Energy (NYSE:DUK) last posted its 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. The firm had revenue of $8.25 billion during the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 EPS. As a group, equities research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is currently 69.32%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DUK. Citigroup boosted their target price on shares of Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. UBS Group restated a “neutral” rating and set a $127.00 price target (up previously from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. Morgan Stanley decreased their price target on shares of 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. Guggenheim boosted their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.75.

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.