Exchange Traded Concepts LLC lessened its position in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 2.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,264 shares of the utilities provider’s stock after selling 188 shares during the period. Exchange Traded Concepts LLC’s holdings in Duke Energy were worth $562,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in Duke Energy by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 50,100 shares of the utilities provider’s stock valued at $4,833,000 after purchasing an additional 300 shares in the last quarter. Rainsberger Wealth Advisors Inc. increased its holdings in shares of Duke Energy by 36.9% during the first quarter. Rainsberger Wealth Advisors Inc. now owns 10,784 shares of the utilities provider’s stock valued at $1,040,000 after acquiring an additional 2,905 shares in the last quarter. Avidian Wealth Solutions LLC increased its holdings in shares of Duke Energy by 21.2% during the first quarter. Avidian Wealth Solutions LLC now owns 4,565 shares of the utilities provider’s stock valued at $440,000 after acquiring an additional 798 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in shares of Duke Energy during the second quarter valued at approximately $118,000. Finally, Coastline Trust Co increased its holdings in shares of Duke Energy by 2.5% during the first quarter. Coastline Trust Co now owns 4,925 shares of the utilities provider’s stock valued at $475,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 63.68% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on DUK shares. KeyCorp decreased their price objective on Duke Energy from $109.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday. Guggenheim decreased their target price on shares of Duke Energy from $114.00 to $102.00 in a research report on Friday, July 7th. Morgan Stanley boosted their target price on shares of Duke Energy from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 21st. Mizuho decreased their target price on shares of Duke Energy from $92.00 to $91.00 and set a “neutral” rating for the company in a research report on Friday, August 25th. Finally, BMO Capital Markets decreased their price target on Duke Energy from $105.00 to $98.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Duke Energy presently has a consensus rating of “Hold” and a consensus target price of $99.17.
Duke Energy Stock Up 1.7 %
Shares of NYSE:DUK opened at $86.92 on Friday. The company has a market capitalization of $66.99 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 2.52 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.75 and a quick ratio of 0.52. The business has a fifty day moving average price of $90.73 and a two-hundred day moving average price of $92.84. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $106.43.
Duke Energy (NYSE:DUK – Get Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.07). Duke Energy had a net margin of 5.06% and a return on equity of 8.05%. The business had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the company earned $1.14 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts forecast that Duke Energy Co. will post 5.6 earnings per share for the current year.
Duke Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 18th were paid a dividend of $1.025 per share. This is an increase from Duke Energy’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $4.10 annualized dividend and a dividend yield of 4.72%. Duke Energy’s dividend payout ratio is presently 229.05%.
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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.
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