Duke Energy Co. (NYSE:DUK) Shares Bought by CVA Family Office LLC

CVA Family Office LLC raised its position in shares of Duke Energy Co. (NYSE:DUK) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,184 shares of the utilities provider’s stock after purchasing an additional 149 shares during the quarter. CVA Family Office LLC’s holdings in Duke Energy were worth $632,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC acquired a new stake in Duke Energy during the fourth quarter worth about $28,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Duke Energy in the fourth quarter worth approximately $27,000. Parkworth Wealth Management Inc. acquired a new stake in shares of Duke Energy in the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of Duke Energy in the fourth quarter worth approximately $30,000. Finally, Rakuten Securities Inc. boosted its stake in Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock worth $31,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DUK shares. Citigroup boosted their price objective on Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Morgan Stanley reduced their target price on Duke Energy from $126.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. Guggenheim lifted their target price on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, UBS Group restated a “neutral” rating and issued a $127.00 target price (up previously from $126.00) on shares of Duke Energy in a research report on Monday, June 2nd. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.81.

Duke Energy Trading Down 0.5%

DUK opened at $116.75 on Friday. Duke Energy Co. has a 12 month low of $99.21 and a 12 month high of $125.27. The stock has a market capitalization of $90.75 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.79 and a beta of 0.37. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The business has a fifty day moving average price of $118.15 and a 200 day moving average price of $114.95.

Duke Energy (NYSE:DUK) last released 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 during the quarter, compared to analysts’ expectations of $7.70 billion. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Duke Energy’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. Sell-side analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.58%. Duke Energy’s dividend payout ratio is currently 69.32%.

Duke Energy 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.