Visionary Horizons LLC Has $824,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Visionary Horizons LLC trimmed its position in Duke Energy Co. (NYSE:DUK) by 15.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,756 shares of the utilities provider’s stock after selling 1,247 shares during the quarter. Duke Energy makes up 0.6% of Visionary Horizons LLC’s portfolio, making the stock its 29th biggest position. Visionary Horizons LLC’s holdings in Duke Energy were worth $824,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Duke Energy by 14,268.8% during the 1st 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 during the last quarter. ExodusPoint Capital Management LP acquired a new stake in Duke Energy in the fourth quarter worth $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 worth $222,520,000 after purchasing an additional 1,111,581 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Duke Energy by 1.1% in the 4th 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 in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Duke Energy by 14.8% during the 4th quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider’s stock worth $521,322,000 after buying an additional 625,008 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Up 0.7%

DUK stock opened at $116.28 on Wednesday. The company has a market cap of $90.38 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.79 and a beta of 0.37. Duke Energy Co. has a twelve month low of $99.21 and a twelve month high of $125.27. The business has a 50 day moving average price of $118.17 and a two-hundred day moving average price of $114.92. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.17. The company had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $7.70 billion. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Duke Energy’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. Analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy’s dividend payout ratio is presently 69.32%.

Analyst Ratings Changes

A number of research firms have issued reports on DUK. Jefferies Financial Group boosted their target price on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company boosted their price objective on Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. UBS Group restated a “neutral” rating and set a $127.00 target price (up from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. 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, Morgan Stanley dropped their price objective on shares of Duke Energy from $126.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.81.

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.