Timonier Family Office LTD. Has $395,000 Stock Position in Duke Energy Corporation (NYSE:DUK)

Timonier Family Office LTD. cut its stake in shares of Duke Energy Corporation (NYSE:DUK) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,235 shares of the utilities provider’s stock after selling 137 shares during the period. Timonier Family Office LTD.’s holdings in Duke Energy were worth $395,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DUK. Bcwm LLC acquired a new stake in Duke Energy in the fourth quarter valued at $9,815,000. Bailard Inc. raised its holdings in shares of Duke Energy by 10.9% in the 4th quarter. Bailard Inc. now owns 31,921 shares of the utilities provider’s stock valued at $3,439,000 after purchasing an additional 3,139 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Duke Energy by 25.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider’s stock valued at $3,852,000 after purchasing an additional 7,319 shares during the last quarter. First Business Financial Services Inc. bought a new position in Duke Energy during the fourth quarter worth about $384,000. Finally, Alley Investment Management Company LLC increased its position in Duke Energy by 36.4% during the fourth quarter. Alley Investment Management Company LLC now owns 76,477 shares of the utilities provider’s stock worth $8,240,000 after buying an additional 20,414 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DUK has been the subject of several research reports. Guggenheim raised their price target on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. BMO Capital Markets cut their target price on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company lifted their target price on shares of Duke Energy from $127.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Citigroup increased their price target on shares of Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Raymond James Financial initiated coverage on Duke Energy in a report on Friday, June 13th. They set a “market perform” rating for the company. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $125.75.

Duke Energy Price Performance

Duke Energy stock opened at $116.98 on Wednesday. The stock’s fifty day moving average price is $117.81 and its two-hundred day moving average price is $114.97. The firm has a market cap of $90.92 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.92 and a beta of 0.37. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50. Duke Energy Corporation has a one year low of $99.21 and a one year high of $125.27.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. 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 earnings per share. Duke Energy’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

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

Duke Energy 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.