Gilman Hill Asset Management LLC Has $252,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

by · The Cerbat Gem

Gilman Hill Asset Management LLC grew its position in Duke Energy Co. (NYSE:DUK – Free Report) by 5.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,849 shares of the utilities provider’s stock after acquiring an additional 138 shares during the period. Gilman Hill Asset Management LLC’s holdings in Duke Energy were worth $252,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. First Citizens Financial Corp raised its position in shares of Duke Energy by 8.6% during the third quarter. First Citizens Financial Corp now owns 3,808 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 300 shares during the period. Redhawk Wealth Advisors Inc. increased its stake in Duke Energy by 12.3% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,512 shares of the utilities provider’s stock worth $222,000 after purchasing an additional 275 shares in the last quarter. HB Wealth Management LLC raised its holdings in Duke Energy by 10.8% during the 3rd quarter. HB Wealth Management LLC now owns 66,661 shares of the utilities provider’s stock worth $5,884,000 after buying an additional 6,524 shares during the period. Keene & Associates Inc. lifted its stake in Duke Energy by 4.4% in the third quarter. Keene & Associates Inc. now owns 32,850 shares of the utilities provider’s stock valued at $2,899,000 after buying an additional 1,373 shares in the last quarter. Finally, CGN Advisors LLC boosted its holdings in shares of Duke Energy by 3.5% in the third quarter. CGN Advisors LLC now owns 20,624 shares of the utilities provider’s stock valued at $1,820,000 after buying an additional 699 shares during the period. Institutional investors and hedge funds own 63.68% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of research reports. StockNews.com upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Barclays lifted their target price on Duke Energy from $96.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, September 14th. Royal Bank of Canada reduced their price target on Duke Energy from $104.00 to $101.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. KeyCorp lifted their price objective on shares of Duke Energy from $96.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Duke Energy from $98.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, November 29th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.82.

Get Our Latest Research Report on DUK

Duke Energy Stock Performance

Shares of DUK opened at $96.36 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.76 and a quick ratio of 0.52. The firm has a 50-day moving average of $90.87 and a 200-day moving average of $90.99. The company has a market cap of $74.27 billion, a PE ratio of 61.38, a price-to-earnings-growth ratio of 2.84 and a beta of 0.45. Duke Energy Co. has a one year low of $83.06 and a one year high of $106.43.

Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.02. The firm had revenue of $7.99 billion for the quarter, compared to analyst estimates of $8.13 billion. Duke Energy had a return on equity of 8.24% and a net margin of 4.47%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 earnings per share. As a group, equities analysts forecast that Duke Energy Co. will post 5.59 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Friday, November 17th were given a $1.025 dividend. This represents a $4.10 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Thursday, November 16th. Duke Energy’s payout ratio is presently 261.15%.

Duke Energy Profile

(Free Report)

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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.

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