Dynamic Advisor Solutions LLC Grows Stake in Duke Energy Co. (NYSE:DUK)

Dynamic Advisor Solutions LLC lifted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,588 shares of the utilities provider’s stock after acquiring an additional 866 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Duke Energy were worth $3,121,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Toth Financial Advisory Corp raised its holdings in Duke Energy by 31.6% in the 1st quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 83 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Duke Energy by 2.8% in 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 holdings in Duke Energy by 3.0% in 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 during the period. Alhambra Investment Management LLC boosted its position in Duke Energy by 4.1% during the 1st quarter. Alhambra Investment Management LLC now owns 2,268 shares of the utilities provider’s stock valued at $277,000 after acquiring an additional 90 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in shares of Duke Energy by 4.0% during the 1st quarter. Sivia Capital Partners LLC now owns 2,344 shares of the utilities provider’s stock worth $286,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of DUK opened at $116.75 on Monday. The company has a market cap of $90.75 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 2.79 and a beta of 0.37. The business’s fifty day simple moving average is $118.15 and its two-hundred day simple moving average is $114.91. Duke Energy Co. has a 12 month low of $99.21 and a 12 month high of $125.27. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52.

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

Duke Energy Dividend Announcement

The business 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. The ex-dividend date is Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.58%. Duke Energy’s payout ratio is 69.32%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DUK shares. Guggenheim lifted their price target 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 boosted their target price 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. Raymond James started coverage on shares of Duke Energy in a research note on Friday. They issued a “market perform” rating for the company. Jefferies Financial Group upped their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley decreased their target price on shares of Duke Energy from $126.00 to $125.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average price target 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.