Oxbow Advisors LLC Buys New Shares in Duke Energy Corporation (NYSE:DUK)

Oxbow Advisors LLC bought a new stake in Duke Energy Corporation (NYSE:DUK) in the 1st quarter, Holdings Channel reports. The firm bought 2,649 shares of the utilities provider’s stock, valued at approximately $323,000.

Several other hedge funds have also added to or reduced their stakes in DUK. GAMMA Investing LLC lifted its holdings in shares of Duke Energy by 14,268.8% during the first quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider’s stock worth $202,858,000 after buying an additional 1,651,608 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Duke Energy during the fourth quarter worth $163,819,000. Vanguard Group Inc. lifted its holdings in shares of Duke Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock worth $7,852,731,000 after buying an additional 779,054 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Duke Energy by 14.8% during the fourth quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider’s stock worth $521,322,000 after buying an additional 625,008 shares in the last quarter. Finally, Zimmer Partners LP lifted its holdings in shares of Duke Energy by 40.6% during the fourth quarter. Zimmer Partners LP now owns 2,027,600 shares of the utilities provider’s stock worth $218,454,000 after buying an additional 585,600 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group set a $132.00 target price on Duke Energy in a report on Tuesday, July 1st. UBS Group lifted their target price on Duke Energy from $124.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup lifted their target price on Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. 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 report on Tuesday, July 1st. Finally, 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 report on Wednesday, June 18th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.88.

Duke Energy Stock Performance

Duke Energy stock opened at $117.40 on Monday. Duke Energy Corporation has a 12-month low of $104.02 and a 12-month high of $125.27. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The business’s 50-day moving average price is $116.79 and its two-hundred day moving average price is $115.79. The stock has a market cap of $91.25 billion, a PE ratio of 19.47, a P/E/G ratio of 2.93 and a beta of 0.37.

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

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is currently 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.