Transcend Wealth Collective LLC trimmed its position in shares of Duke Energy Co. (NYSE:DUK) by 1.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,115 shares of the utilities provider’s stock after selling 99 shares during the quarter. Transcend Wealth Collective LLC’s holdings in Duke Energy were worth $495,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC grew its position in Duke Energy by 166.0% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 266 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 166 shares during the last quarter. Greenhouse Wealth Management LLC purchased a new stake in Duke Energy during the 4th quarter valued at about $25,000. Defined Wealth Management LLC purchased a new stake in Duke Energy during the 4th quarter valued at about $26,000. Brand Asset Management Group Inc. grew its position in Duke Energy by 85.3% during the 1st quarter. Brand Asset Management Group Inc. now owns 289 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 133 shares during the last quarter. Finally, Abundance Wealth Counselors purchased a new stake in Duke Energy during the 1st quarter valued at about $28,000. 62.75% of the stock is currently owned by institutional investors.
Several research firms have issued reports on DUK. Wells Fargo & Company upped their target price on shares of Duke Energy from $97.00 to $104.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 14th. Morgan Stanley lowered their target price on shares of Duke Energy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 18th. KeyCorp lowered their target price on shares of Duke Energy from $106.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 21st. Credit Suisse Group upped their target price on shares of Duke Energy from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 14th. Finally, Mizuho increased their price objective on shares of Duke Energy from $96.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 12th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Duke Energy has a consensus rating of “Hold” and an average price target of $102.73.
DUK stock opened at $101.71 on Friday. The stock has a market capitalization of $78.24 billion, a price-to-earnings ratio of 58.45, a PEG ratio of 3.77 and a beta of 0.25. The firm has a fifty day simple moving average of $100.43. Duke Energy Co. has a fifty-two week low of $77.58 and a fifty-two week high of $108.00. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.31 and a current ratio of 0.49.
Duke Energy (NYSE:DUK) last released its earnings results on Sunday, May 9th. The utilities provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.02. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.27 billion. Duke Energy had a return on equity of 8.68% and a net margin of 5.95%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. As a group, research analysts anticipate that Duke Energy Co. will post 5.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 16th. Shareholders of record on Friday, May 14th will be paid a $0.965 dividend. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $3.86 annualized dividend and a yield of 3.80%. Duke Energy’s dividend payout ratio (DPR) is presently 75.39%.
About Duke Energy
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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