Camelot Portfolios LLC Makes New $819,000 Investment in Duke Energy Corporation $DUK

Camelot Portfolios LLC acquired a new stake in Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,473 shares of the utilities provider’s stock, valued at approximately $819,000.

Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after acquiring an additional 700 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Duke Energy by 19.6% in the 1st quarter. Empowered Funds LLC now owns 23,162 shares of the utilities provider’s stock valued at $2,825,000 after purchasing an additional 3,797 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Duke Energy by 1.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 31,238 shares of the utilities provider’s stock worth $3,686,000 after purchasing an additional 315 shares during the last quarter. AXA S.A. grew its stake in shares of Duke Energy by 523.4% during the second quarter. AXA S.A. now owns 42,233 shares of the utilities provider’s stock worth $4,983,000 after purchasing an additional 35,458 shares in the last quarter. Finally, Nebula Research & Development LLC acquired a new stake in Duke Energy in the second quarter valued at $954,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley dropped their price objective on Duke Energy from $138.00 to $133.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. BTIG Research reaffirmed a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. Truist Financial cut their price objective on shares of Duke Energy from $138.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Jefferies Financial Group reduced their target price on Duke Energy from $143.00 to $138.00 in a report on Monday, May 11th. Finally, KeyCorp raised shares of Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 price objective 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 given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.94.

Duke Energy Trading Down 0.0%

NYSE:DUK opened at $120.20 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. Duke Energy Corporation has a 1 year low of $113.89 and a 1 year high of $134.49. The stock has a fifty day moving average price of $125.32 and a two-hundred day moving average price of $126.64. The stock has a market capitalization of $93.72 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.81 and a beta of 0.38.

Duke Energy (NYSE:DUK) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.13. The company had revenue of $7.59 billion for the quarter, compared to analyst estimates of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 earnings per share. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a $1.085 dividend. The ex-dividend date is Friday, August 14th. This represents a $4.34 annualized dividend and a dividend yield of 3.6%. This is a boost from Duke Energy’s previous quarterly dividend of $1.06. Duke Energy’s payout ratio is presently 65.17%.

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.