Core Capital Management & Research inc. Makes New Investment in Duke Energy Corporation $DUK

Core Capital Management & Research inc. purchased a new stake in Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 7,146 shares of the utilities provider’s stock, valued at approximately $857,000.

Other hedge funds also recently made changes to their positions in the company. Basso Capital Management L.P. acquired a new stake in shares of Duke Energy during the 4th quarter valued at about $25,000. Evolution Wealth Management Inc. lifted its stake in Duke Energy by 1,111.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 200 shares during the period. Triumph Capital Management boosted its holdings in Duke Energy by 68.6% during the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 94 shares in the last quarter. Cornerstone Financial Management LLC acquired a new stake in Duke Energy during the fourth quarter valued at approximately $28,000. Finally, Kingdom Financial Group LLC. bought a new stake in shares of Duke Energy in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.7%

NYSE:DUK opened at $120.44 on Thursday. The company has a market cap of $93.91 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 2.83 and a beta of 0.37. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The stock’s fifty day moving average price is $124.38 and its two-hundred day moving average price is $126.32. Duke Energy Corporation has a 52-week low of $113.89 and a 52-week high of $134.49.

Duke Energy (NYSE:DUK) last released its earnings results on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.30 by $0.13. The company had revenue of $7.59 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS. On average, analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a dividend of $1.085 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.34 annualized dividend and a yield of 3.6%. This is an increase from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s dividend payout ratio (DPR) is presently 65.17%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BMO Capital Markets cut their target price on Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price target on Duke Energy from $136.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a report on Friday, July 31st. Truist Financial lowered their target price on shares of Duke Energy from $138.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Finally, BTIG Research reissued a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $137.94.

Duke Energy Company Profile

Duke Energy Corporation is an electric and natural gas utility holding company headquartered in Charlotte, North Carolina. The company generates, transmits, distributes and sells electricity, with a generation portfolio that includes natural gas, nuclear, coal, hydroelectric and renewable energy resources. It also operates natural gas distribution businesses and provides related energy services.

Duke Energy’s regulated electric utilities serve residential, commercial and industrial customers across the Carolinas, Florida, Indiana, Ohio and Kentucky.