Ritholtz Wealth Management Has $1.28 Million Position in Duke Energy Corporation (NYSE:DUK)

Ritholtz Wealth Management increased its position in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 45.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,488 shares of the utilities provider’s stock after purchasing an additional 3,280 shares during the quarter. Ritholtz Wealth Management’s holdings in Duke Energy were worth $1,279,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DUK. Mattson Financial Services LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $28,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Duke Energy in the 4th quarter valued at $27,000. Parkworth Wealth Management Inc. acquired a new stake in shares of Duke Energy in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new stake in Duke Energy in the fourth quarter worth about $30,000. Finally, Rakuten Securities Inc. increased its position in Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. UBS Group reaffirmed a “neutral” rating and issued a $127.00 price target (up from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. BMO Capital Markets decreased their price objective on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Raymond James Financial started coverage on shares of Duke Energy in a report on Friday, June 13th. They set a “market perform” rating for the company. Finally, Jefferies Financial Group boosted their price target on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a report on Friday, February 21st. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $125.81.

View Our Latest Research Report on DUK

Duke Energy Stock Performance

Shares of DUK opened at $114.77 on Wednesday. The firm has a market capitalization of $89.20 billion, a P/E ratio of 19.03, a P/E/G ratio of 2.88 and a beta of 0.37. Duke Energy Corporation has a 52 week low of $99.21 and a 52 week high of $125.27. The stock has a 50 day moving average price of $118.10 and a two-hundred day moving average price of $114.90. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.50 and a current ratio of 0.77.

Duke Energy (NYSE:DUKGet Free Report) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The firm had revenue of $8.25 billion during the quarter, compared to analyst estimates of $7.70 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were given a $1.045 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.64%. Duke Energy’s dividend payout ratio (DPR) is currently 69.32%.

About Duke Energy

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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