Buck Wealth Strategies LLC Acquires Shares of 8,638 Duke Energy Corporation (NYSE:DUK)

Buck Wealth Strategies LLC acquired a new stake in Duke Energy Corporation (NYSE:DUK) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,638 shares of the utilities provider’s stock, valued at approximately $1,054,000.

Other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp lifted its position in shares of Duke Energy by 31.6% in the first quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 83 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Duke Energy by 2.8% during the first quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider’s stock worth $370,000 after buying an additional 84 shares in the last quarter. Quent Capital LLC lifted its position in Duke Energy by 3.0% during the first quarter. Quent Capital LLC now owns 2,993 shares of the utilities provider’s stock worth $365,000 after buying an additional 86 shares in the last quarter. Grandview Asset Management LLC lifted its position in Duke Energy by 0.6% during the first quarter. Grandview Asset Management LLC now owns 14,135 shares of the utilities provider’s stock worth $1,724,000 after buying an additional 86 shares in the last quarter. Finally, Alhambra Investment Management LLC lifted its position in Duke Energy by 4.1% during the first quarter. Alhambra Investment Management LLC now owns 2,268 shares of the utilities provider’s stock worth $277,000 after buying an additional 90 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DUK. Wells Fargo & Company lifted their price objective on Duke Energy from $127.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Guggenheim lifted 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. Citigroup lifted their target price on Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. BMO Capital Markets reduced their target price on Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lifted their target price on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.75.

Duke Energy Price Performance

DUK stock opened at $115.42 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $89.71 billion, a PE ratio of 19.14, a P/E/G ratio of 2.88 and a beta of 0.37. Duke Energy Corporation has a 12-month low of $99.21 and a 12-month high of $125.27. The business’s fifty day moving average price is $117.95 and its 200 day moving average price is $114.91.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data 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 firm had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were paid 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 yield of 3.62%. Duke Energy’s 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.