Duke Energy Corporation (NYSE:DUK) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its position in Duke Energy Corporation (NYSE:DUK) by 10.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 22,477 shares of the utilities provider’s stock after acquiring an additional 2,139 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Duke Energy were worth $2,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vermillion Wealth Management Inc. purchased a new position in shares of Duke Energy in the 4th quarter valued at about $27,000. Parkworth Wealth Management Inc. acquired a new position in Duke Energy during the fourth quarter worth about $28,000. Mattson Financial Services LLC acquired a new stake in shares of Duke Energy during the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of Duke Energy during the 4th quarter worth approximately $30,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Duke Energy in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DUK. JPMorgan Chase & Co. boosted their target price on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley decreased their price objective on shares of Duke Energy from $125.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wells Fargo & Company raised their target price on shares of Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Guggenheim upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, UBS Group reissued a “neutral” rating and set a $127.00 price objective (up from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.75.

Duke Energy Trading Down 0.3%

Shares of DUK opened at $114.50 on Thursday. The stock has a fifty day moving average of $118.07 and a two-hundred day moving average 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. The company has a market capitalization of $88.99 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.87 and a beta of 0.37. Duke Energy Corporation has a fifty-two week low of $99.21 and a fifty-two week high of $125.27.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.17. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 EPS. As a group, analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were issued a dividend of $1.045 per share. The ex-dividend date was Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.65%. Duke Energy’s payout ratio is 69.32%.

About Duke Energy

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.