Greenleaf Trust grew its holdings in shares of Duke Energy Co. (NYSE:DUK) by 128.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,425 shares of the utilities provider’s stock after purchasing an additional 14,841 shares during the quarter. Greenleaf Trust’s holdings in Duke Energy were worth $2,609,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in DUK. Abundance Wealth Counselors acquired a new stake in shares of Duke Energy in the first quarter valued at about $28,000. Sterling Investment Advisors Ltd. acquired a new stake in Duke Energy in the 2nd quarter valued at about $29,000. Atlas Private Wealth Advisors lifted its stake in Duke Energy by 47.2% in the 2nd quarter. Atlas Private Wealth Advisors now owns 315 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. Regency Capital Management Inc. DE acquired a new position in shares of Duke Energy during the 1st quarter worth approximately $39,000. Finally, Robbins Farley LLC purchased a new stake in shares of Duke Energy in the first quarter valued at approximately $47,000. 62.63% of the stock is owned by institutional investors and hedge funds.
DUK has been the subject of several analyst reports. Mizuho upped their target price on Duke Energy from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 18th. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating and set a $111.00 price objective for the company. in a research report on Tuesday, July 27th. Vertical Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, August 6th. Morgan Stanley cut their price target on shares of Duke Energy from $112.00 to $110.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Argus upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Friday, June 25th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Duke Energy presently has an average rating of “Hold” and an average price target of $104.46.
Shares of Duke Energy stock traded down $0.61 on Friday, reaching $100.80. 25,915 shares of the company were exchanged, compared to its average volume of 3,103,168. Duke Energy Co. has a 1-year low of $80.41 and a 1-year high of $108.38. The company has a market cap of $77.55 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 3.75 and a beta of 0.26. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.37. The stock’s 50 day moving average price is $104.94 and its 200-day moving average price is $100.61.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 5th. The utilities provider reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.03. The business had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.75 billion. Duke Energy had a return on equity of 8.73% and a net margin of 12.28%. On average, research analysts predict that Duke Energy Co. will post 5.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Investors of record on Friday, August 13th were paid a dividend of $0.985 per share. This is a boost from Duke Energy’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.94 annualized dividend and a yield of 3.91%. Duke Energy’s payout ratio is presently 76.95%.
Duke Energy Profile
Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure; and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in Duke Energy’s regulated electric utilities in the Carolinas, Florida and the Midwest.
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