Timonier Family Office LTD. Sells 137 Shares of Duke Energy Corporation (NYSE:DUK)

Timonier Family Office LTD. lessened its holdings in Duke Energy Corporation (NYSE:DUK) by 4.1% during the first quarter, HoldingsChannel.com reports. The fund owned 3,235 shares of the utilities provider’s stock after selling 137 shares during the period. Timonier Family Office LTD.’s holdings in Duke Energy were worth $395,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vermillion Wealth Management Inc. acquired a new position in Duke Energy during the 4th quarter worth approximately $27,000. Parkworth Wealth Management Inc. bought a new stake in shares of Duke Energy during the fourth quarter worth $28,000. Mattson Financial Services LLC acquired a new position in shares of Duke Energy during the fourth quarter worth $28,000. WealthTrak Capital Management LLC bought a new position in shares of Duke Energy in the 4th quarter valued at $30,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DUK shares. Citigroup upped their target price on Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. BMO Capital Markets lowered their price objective on Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. Morgan Stanley dropped their price objective on shares of Duke Energy from $125.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. Barclays boosted their target price on shares of Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Finally, Wells Fargo & Company upped their price target on shares of Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $125.75.

Duke Energy Trading Up 0.0%

DUK opened at $116.98 on Wednesday. Duke Energy Corporation has a twelve month low of $99.21 and a twelve month high of $125.27. The company has a fifty day moving average of $117.81 and a 200-day moving average of $114.97. The stock has a market cap of $90.92 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.92 and a beta of 0.37. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 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 business had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $7.70 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

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