Duke Energy Co. (NYSE:DUK) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA decreased its holdings in Duke Energy Co. (NYSE:DUK) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,750 shares of the utilities provider’s stock after selling 1,000 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Duke Energy were worth $2,287,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vermillion Wealth Management Inc. purchased a new position in Duke Energy during the fourth quarter worth about $27,000. Parkworth Wealth Management Inc. purchased a new stake in shares of Duke Energy during the 4th quarter valued at approximately $28,000. Mattson Financial Services LLC acquired a new position in Duke Energy in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new position in Duke Energy in the fourth quarter worth approximately $30,000. Finally, Sierra Ocean LLC acquired a new stake in Duke Energy during the fourth quarter worth $31,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Price Performance

Shares of NYSE DUK opened at $116.27 on Thursday. The stock’s 50-day simple moving average is $118.12 and its 200-day simple moving average is $114.93. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The firm has a market capitalization of $90.37 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.79 and a beta of 0.37. Duke Energy Co. has a fifty-two week low of $99.21 and a fifty-two week high of $125.27.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.17. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter in the previous year, the firm earned $1.44 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is 69.32%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DUK. Jefferies Financial Group increased their price target on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. BMO Capital Markets lowered their price objective on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company boosted their target price on Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Finally, Guggenheim upped their price target on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.81.

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.