Strategic Investment Advisors MI Makes New $211,000 Investment in Duke Energy Corporation (NYSE:DUK)

Strategic Investment Advisors MI bought a new position in Duke Energy Corporation (NYSE:DUK) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,726 shares of the utilities provider’s stock, valued at approximately $211,000.

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

Duke Energy Stock Performance

Shares of DUK opened at $115.99 on Thursday. 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. The firm has a market capitalization of $90.15 billion, a P/E ratio of 19.24, a PEG ratio of 2.92 and a beta of 0.37. The business has a fifty day moving average of $117.72 and a 200 day moving average of $114.98.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $7.70 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. Duke Energy’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared 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. This represents a $4.18 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy’s dividend payout ratio is presently 69.32%.

Analyst Ratings Changes

Several research firms have recently weighed in on DUK. Wells Fargo & Company boosted their price target on Duke Energy from $127.00 to $138.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Guggenheim boosted 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. Raymond James Financial began coverage on Duke Energy in a research note on Friday, June 13th. They issued a “market perform” rating for the company. Citigroup boosted their price target on Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Finally, BMO Capital Markets decreased their price target on Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $126.94.

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.