Rappaport Reiches Capital Management LLC Invests $238,000 in Duke Energy Corporation (NYSE:DUK)

Rappaport Reiches Capital Management LLC bought a new position in Duke Energy Corporation (NYSE:DUK) during the 1st quarter, Holdings Channel.com reports. The firm bought 1,953 shares of the utilities provider’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in DUK. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 1,651,608 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Duke Energy in the fourth quarter worth approximately $163,819,000. Capital Wealth Planning LLC grew its holdings in shares of 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 purchasing an additional 1,111,581 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 779,054 shares during 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 valued at $521,322,000 after acquiring an additional 625,008 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $115.42 on Friday. The business has a fifty day simple moving average of $117.95 and a two-hundred day simple moving average of $114.91. 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 firm has a market capitalization of $89.71 billion, a P/E 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.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.17. The firm had revenue of $8.25 billion during the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. Duke Energy’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 EPS. On average, equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were given a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy’s dividend payout ratio is presently 69.32%.

Analysts Set New Price Targets

Several research firms recently weighed in on DUK. BMO Capital Markets cut their price target on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. UBS Group reiterated a “neutral” rating and issued a $127.00 price target (up previously from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Citigroup lifted 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. Barclays lifted their price target on shares of Duke Energy from $111.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.75.

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.