SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Acquires New Holdings in Duke Energy Corporation $DUK

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, Holdings Channel reports. The fund bought 3,011 shares of the utilities provider’s stock, valued at approximately $378,000. Duke Energy comprises 0.3% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s portfolio, making the stock its 28th largest position.

Several other large investors have also recently bought and sold shares of the company. Activest Wealth Management increased its holdings in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares during the period. N.E.W. Advisory Services LLC purchased a new position in Duke Energy during the first quarter worth about $27,000. Legacy Investment Solutions LLC bought a new position in Duke Energy in the 2nd quarter worth about $28,000. Mascoma Wealth Management LLC raised its holdings in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 198 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

DUK stock opened at $122.21 on Thursday. The firm has a market cap of $95.03 billion, a P/E ratio of 19.87, a P/E/G ratio of 3.05 and a beta of 0.45. The firm’s fifty day moving average is $124.35 and its 200 day moving average is $120.96. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $130.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.51 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be given a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is presently 66.98%.

Analysts Set New Price Targets

Several research analysts recently weighed in on DUK shares. Wells Fargo & Company upgraded shares of Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group increased their price target on shares of Duke Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Jefferies Financial Group raised their price objective on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Scotiabank set a $137.00 price target on Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.63.

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.