Baldwin Investment Management LLC Buys 688 Shares of Duke Energy Corporation (NYSE:DUK)

Baldwin Investment Management LLC boosted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 10.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,534 shares of the utilities provider’s stock after acquiring an additional 688 shares during the period. Baldwin Investment Management LLC’s holdings in Duke Energy were worth $919,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DUK. GAMMA Investing LLC increased 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 period. ExodusPoint Capital Management LP bought a new position in Duke Energy during the 4th quarter worth $163,819,000. Nuveen Asset Management LLC increased 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 acquiring an additional 625,008 shares during the period. Zimmer Partners LP increased its stake in Duke Energy by 40.6% during the 4th quarter. Zimmer Partners LP now owns 2,027,600 shares of the utilities provider’s stock worth $218,454,000 after acquiring an additional 585,600 shares during the period. Finally, Northern Trust Corp increased its stake in Duke Energy by 6.7% during the 4th quarter. Northern Trust Corp now owns 8,001,073 shares of the utilities provider’s stock worth $862,036,000 after acquiring an additional 499,652 shares during the period. Institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on Duke Energy from $125.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. Barclays decreased their price target on Duke Energy from $123.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 1st. BMO Capital Markets decreased their price target on Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group set a $132.00 price target on Duke Energy in a research note on Tuesday, July 1st. Finally, Citigroup lifted their price target on Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus price target of $127.25.

Duke Energy Trading Up 0.2%

NYSE DUK opened at $119.98 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $125.27. The company has a market cap of $93.25 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 3.00 and a beta of 0.37. The business’s fifty day moving average is $116.96 and its 200 day moving average is $116.58.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.59 by $0.17. The firm had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. As a group, sell-side analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. This represents a $4.26 annualized dividend and a yield of 3.55%. Duke Energy’s payout ratio is presently 69.32%.

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.