Nwam LLC Has $1.19 Million Stock Position in Duke Energy Corporation $DUK

Nwam LLC raised its stake in Duke Energy Corporation (NYSE:DUK) by 94.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,359 shares of the utilities provider’s stock after acquiring an additional 4,548 shares during the quarter. Nwam LLC’s holdings in Duke Energy were worth $1,185,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Basso Capital Management L.P. acquired a new stake in Duke Energy during the 4th quarter worth approximately $25,000. Evolution Wealth Management Inc. grew its holdings in Duke Energy by 1,111.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Triumph Capital Management increased its position in Duke Energy by 68.6% during the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock worth $27,000 after buying an additional 94 shares during the period. Cornerstone Financial Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth $28,000. Finally, Evergreen Advisors LLC bought a new stake in shares of Duke Energy in the first quarter valued at about $36,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.2%

Shares of DUK opened at $120.61 on Thursday. The company has a market capitalization of $94.04 billion, a PE ratio of 18.11, a PEG ratio of 2.81 and a beta of 0.37. Duke Energy Corporation has a 12 month low of $113.89 and a 12 month high of $134.49. The stock’s 50-day moving average price is $125.04 and its two-hundred day moving average price is $126.54. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. The company had revenue of $7.59 billion during the quarter, compared to the consensus estimate of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. 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 declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be given a $1.085 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 14th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.6%. Duke Energy’s dividend payout ratio is presently 65.17%.

Analysts Set New Price Targets

DUK has been the topic of several research reports. Jefferies Financial Group decreased their price target on shares of Duke Energy from $143.00 to $138.00 in a research note on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on shares of Duke Energy from $136.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. UBS Group lowered their target price on shares of Duke Energy from $137.00 to $135.00 in a report on Monday, May 11th. Morgan Stanley dropped their price target on shares of Duke Energy from $138.00 to $133.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Finally, KeyCorp raised Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 price target on the stock in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $137.94.

Duke Energy Company Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.