Duke Energy Corporation $DUK Stock Holdings Raised by Aspen Investment Management Inc

Aspen Investment Management Inc lifted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,319 shares of the utilities provider’s stock after purchasing an additional 450 shares during the period. Aspen Investment Management Inc’s holdings in Duke Energy were worth $628,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management grew its position in shares of Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in Duke Energy during the first quarter worth $27,000. Legacy Investment Solutions LLC acquired a new position in Duke Energy in the second quarter worth $28,000. Mascoma Wealth Management LLC increased its stake in Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares during the period. 65.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DUK. BTIG Research raised shares of Duke Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Scotiabank set a $137.00 target price on Duke Energy and gave the company a “sector outperform” rating in a research note on Friday, October 3rd. The Goldman Sachs Group increased their price target on Duke Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. BMO Capital Markets cut their price target on Duke Energy from $138.00 to $136.00 in a report on Monday, November 10th. Finally, Barclays upped their price objective on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.63.

Duke Energy Price Performance

Shares of DUK opened at $123.88 on Wednesday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03. The stock’s fifty day moving average is $124.33 and its 200-day moving average is $120.95. 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 firm has a market capitalization of $96.33 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 3.05 and a beta of 0.45.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.62 earnings per share. Equities analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is currently 66.98%.

About Duke Energy

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.