Orion Portfolio Solutions LLC boosted its holdings in shares of Duke Energy Corp (NYSE:DUK) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,864 shares of the utilities provider’s stock after acquiring an additional 854 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Duke Energy were worth $868,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of DUK. Marshall Wace LLP acquired a new position in shares of Duke Energy in the 1st quarter worth approximately $79,000. Public Employees Retirement Association of Colorado lifted its position in shares of Duke Energy by 11.3% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 137,697 shares of the utilities provider’s stock worth $11,137,000 after purchasing an additional 13,986 shares during the period. Homrich & Berg lifted its position in shares of Duke Energy by 9.1% in the 1st quarter. Homrich & Berg now owns 13,194 shares of the utilities provider’s stock worth $1,067,000 after purchasing an additional 1,104 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Duke Energy by 537.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 73,626 shares of the utilities provider’s stock worth $5,955,000 after purchasing an additional 62,075 shares during the period. Finally, Mackay Shields LLC lifted its position in shares of Duke Energy by 0.6% in the 1st quarter. Mackay Shields LLC now owns 128,410 shares of the utilities provider’s stock worth $10,386,000 after purchasing an additional 754 shares during the period. Hedge funds and other institutional investors own 63.79% of the company’s stock.
Shares of NYSE DUK traded up $0.71 during trading on Wednesday, hitting $85.16. The stock had a trading volume of 44,320 shares, compared to its average volume of 3,873,046. Duke Energy Corp has a 12 month low of $62.13 and a 12 month high of $103.79. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.55 and a quick ratio of 0.36. The company has a market capitalization of $62.06 billion, a PE ratio of 30.30, a PEG ratio of 3.81 and a beta of 0.27. The firm has a fifty day moving average of $82.45 and a two-hundred day moving average of $83.93.
Duke Energy (NYSE:DUK) last posted its earnings results on Monday, August 10th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.05. Duke Energy had a net margin of 8.76% and a return on equity of 8.10%. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same quarter in the prior year, the business posted $1.12 EPS. The business’s revenue was down 7.7% compared to the same quarter last year. On average, equities analysts expect that Duke Energy Corp will post 5.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be paid a $0.965 dividend. This is a positive change from Duke Energy’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.86 annualized dividend and a dividend yield of 4.53%. Duke Energy’s dividend payout ratio is presently 76.28%.
A number of research firms recently issued reports on DUK. Bank of America upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and dropped their target price for the company from $87.00 to $85.00 in a research report on Wednesday, September 9th. Morgan Stanley boosted their target price on shares of Duke Energy from $89.00 to $96.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Wells Fargo & Company dropped their target price on shares of Duke Energy from $108.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. Seaport Global Securities began coverage on shares of Duke Energy in a research report on Tuesday, June 9th. They set a “neutral” rating on the stock. Finally, BofA Securities upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and dropped their target price for the company from $87.00 to $85.00 in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $93.47.
Duke Energy Company Profile
Duke Energy Corp. engages in 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 primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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