Balboa Wealth Partners Buys 548 Shares of Duke Energy Corporation (NYSE:DUK)

Balboa Wealth Partners boosted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,439 shares of the utilities provider’s stock after acquiring an additional 548 shares during the quarter. Balboa Wealth Partners’ holdings in Duke Energy were worth $1,151,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DUK. GAMMA Investing LLC boosted its position in shares of Duke Energy by 14,268.8% during the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider’s stock valued at $202,858,000 after buying an additional 1,651,608 shares during the period. ExodusPoint Capital Management LP purchased a new position in shares of Duke Energy during the fourth quarter valued at approximately $163,819,000. Capital Wealth Planning LLC boosted its position in shares of Duke Energy by 116.5% during the fourth quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider’s stock valued at $222,520,000 after buying an additional 1,111,581 shares during the period. Vanguard Group Inc. boosted its position in shares of Duke Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock valued at $7,852,731,000 after buying an additional 779,054 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Duke Energy by 14.8% during the fourth quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider’s stock valued at $521,322,000 after buying an additional 625,008 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Up 1.4%

Duke Energy stock opened at $116.98 on Tuesday. The business has a fifty day moving average of $117.88 and a two-hundred day moving average of $114.95. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The firm has a market cap of $90.92 billion, a P/E ratio of 19.40, a P/E/G ratio of 2.88 and a beta of 0.37. Duke Energy Corporation has a twelve month low of $99.21 and a twelve month high of $125.27.

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

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were issued a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. Duke Energy’s dividend payout ratio is currently 69.32%.

Analysts Set New Price Targets

DUK has been the subject of several recent analyst reports. 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. Guggenheim boosted their target price on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Barclays boosted their target price on Duke Energy from $111.00 to $123.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. BMO Capital Markets lowered their price target on Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Finally, Morgan Stanley lowered their price target on Duke Energy from $125.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $125.75.

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.