Kohmann Bosshard Financial Services LLC Sells 100 Shares of Duke Energy Corporation (NYSE:DUK)

Kohmann Bosshard Financial Services LLC decreased its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 4.0% in the first quarter, Holdings Channel.com reports. The firm owned 2,406 shares of the utilities provider’s stock after selling 100 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Duke Energy were worth $293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cypress Capital Group increased its position in shares of Duke Energy by 50.0% during the first quarter. Cypress Capital Group now owns 29,435 shares of the utilities provider’s stock valued at $3,590,000 after acquiring an additional 9,815 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Duke Energy by 4.9% during the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,810 shares of the utilities provider’s stock valued at $704,000 after acquiring an additional 269 shares in the last quarter. Meridian Wealth Management LLC increased its position in shares of Duke Energy by 2.5% during the first quarter. Meridian Wealth Management LLC now owns 14,033 shares of the utilities provider’s stock valued at $1,712,000 after acquiring an additional 340 shares in the last quarter. Independent Advisor Alliance increased its position in shares of Duke Energy by 0.9% during the first quarter. Independent Advisor Alliance now owns 135,059 shares of the utilities provider’s stock valued at $16,473,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Linscomb Wealth Inc. increased its position in shares of Duke Energy by 1.1% during the first quarter. Linscomb Wealth Inc. now owns 89,931 shares of the utilities provider’s stock valued at $10,969,000 after acquiring an additional 1,020 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.5%

DUK opened at $125.36 on Monday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The stock has a market cap of $97.48 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 3.02 and a beta of 0.36. The firm’s fifty day moving average is $118.24 and its 200 day moving average is $117.59. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $127.85.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 earnings per share. On average, sell-side analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be issued a $1.065 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. Duke Energy’s payout ratio is presently 67.97%.

Analyst Ratings Changes

Several brokerages recently weighed in on DUK. JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $122.00 to $127.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Morgan Stanley reduced their price target on shares of Duke Energy from $125.00 to $124.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. Citigroup raised their target price on shares of Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Barclays dropped their target price on shares of Duke Energy from $123.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, July 1st. Finally, Scotiabank raised their target price on shares of Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 6th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.20.

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.