Intergy Private Wealth LLC Boosts Stock Holdings in Duke Energy Co. (NYSE:DUK)

Intergy Private Wealth LLC grew its position in Duke Energy Co. (NYSE:DUK) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,223 shares of the utilities provider’s stock after purchasing an additional 110 shares during the period. Intergy Private Wealth LLC’s holdings in Duke Energy were worth $271,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mattson Financial Services LLC bought a new position in shares of Duke Energy during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Duke Energy during the fourth quarter valued at approximately $27,000. Parkworth Wealth Management Inc. bought a new stake in Duke Energy during the fourth quarter worth $28,000. WealthTrak Capital Management LLC purchased a new position in Duke Energy in the fourth quarter worth $30,000. Finally, Rakuten Securities Inc. grew its stake in Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 270 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

NYSE:DUK opened at $115.22 on Friday. The business’s fifty day moving average is $118.43 and its 200 day moving average is $114.90. The firm has a market cap of $89.56 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 2.79 and a beta of 0.37. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. Duke Energy Co. has a 52-week low of $99.21 and a 52-week high of $125.27.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share 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 firm had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $7.70 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Research analysts predict that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.63%. Duke Energy’s dividend payout ratio (DPR) is presently 69.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets lowered their target price on Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Jefferies Financial Group boosted their target price on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Morgan Stanley decreased their price target 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. Wells Fargo & Company upped their price objective on Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Finally, Citigroup raised their target price on Duke Energy from $130.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.81.

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.