Clear Creek Financial Management LLC acquired a new stake in Duke Energy Co. (NYSE:DUK – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,430 shares of the utilities provider’s stock, valued at approximately $234,000.
Several other institutional investors and hedge funds have also recently modified their holdings of DUK. Shepherd Financial Partners LLC boosted its holdings in shares of Duke Energy by 0.5% during the 1st quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock valued at $2,326,000 after acquiring an additional 94 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of Duke Energy by 3.1% during the fourth quarter. North Star Investment Management Corp. now owns 3,192 shares of the utilities provider’s stock valued at $329,000 after purchasing an additional 95 shares in the last quarter. Grant GrossMendelsohn LLC grew its holdings in shares of Duke Energy by 3.3% during the fourth quarter. Grant GrossMendelsohn LLC now owns 3,086 shares of the utilities provider’s stock worth $325,000 after purchasing an additional 98 shares during the last quarter. Lipe & Dalton increased its stake in shares of Duke Energy by 41.2% in the fourth quarter. Lipe & Dalton now owns 343 shares of the utilities provider’s stock valued at $35,000 after buying an additional 100 shares during the period. Finally, Northwest Bancshares Inc. raised its holdings in Duke Energy by 1.7% in the 4th quarter. Northwest Bancshares Inc. now owns 5,925 shares of the utilities provider’s stock valued at $610,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 63.13% of the company’s stock.
Duke Energy Stock Up 1.1 %
Shares of NYSE DUK opened at $90.72 on Tuesday. Duke Energy Co. has a 12-month low of $83.76 and a 12-month high of $113.67. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a market cap of $69.91 billion, a PE ratio of 27.91, a P/E/G ratio of 2.61 and a beta of 0.43. The company’s fifty day simple moving average is $92.98 and its 200 day simple moving average is $97.04.
Duke Energy (NYSE:DUK – Free Report) last issued its earnings results on Tuesday, May 9th. The utilities provider reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). Duke Energy had a net margin of 8.89% and a return on equity of 8.39%. The firm had revenue of $7.28 billion during the quarter, compared to analyst estimates of $6.26 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.61 earnings per share for the current fiscal year.
Duke Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 12th were issued a dividend of $1.005 per share. This represents a $4.02 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Thursday, May 11th. Duke Energy’s dividend payout ratio is currently 123.69%.
Analyst Ratings Changes
Several brokerages have issued reports on DUK. Morgan Stanley upped their price target on shares of Duke Energy from $99.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, April 20th. Seaport Res Ptn upgraded Duke Energy from a “sell” rating to a “neutral” rating in a report on Friday, March 17th. Bank of America cut their target price on Duke Energy from $112.00 to $110.00 in a report on Sunday, June 11th. The Goldman Sachs Group started coverage on Duke Energy in a research note on Wednesday, June 7th. They issued a “neutral” rating and a $99.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on Duke Energy from $109.00 to $97.00 in a research note on Thursday, June 8th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Hold” and a consensus target price of $102.67.
Duke Energy Company 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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.
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