Cambridge Investment Research Advisors Inc. Has $35.58 Million Stock Position in Duke Energy Corporation (NYSE:DUK)

Cambridge Investment Research Advisors Inc. boosted its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 7.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 291,667 shares of the utilities provider's stock after acquiring an additional 20,942 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Duke Energy were worth $35,575,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Duke Energy by 14,268.8% in the 1st quarter. GAMMA Investing LLC now owns 1,663,183 shares of the utilities provider's stock valued at $202,858,000 after buying an additional 1,651,608 shares during the period. ExodusPoint Capital Management LP acquired a new stake in Duke Energy in the 4th quarter valued at about $163,819,000. Capital Wealth Planning LLC increased its stake in shares of Duke Energy by 116.5% during the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock worth $222,520,000 after purchasing an additional 1,111,581 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Duke Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock valued at $7,852,731,000 after acquiring an additional 779,054 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Duke Energy by 14.8% during the 4th quarter. Nuveen Asset Management LLC now owns 4,838,705 shares of the utilities provider's stock worth $521,322,000 after purchasing an additional 625,008 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

DUK traded up $0.01 on Tuesday, reaching $116.98. The company had a trading volume of 2,470,017 shares, compared to its average volume of 3,461,329. The company has a fifty day moving average of $117.81 and a 200-day moving average of $114.97. The company has a market capitalization of $90.92 billion, a P/E ratio of 19.40, a PEG ratio of 2.92 and a beta of 0.37. Duke Energy Corporation has a one year low of $99.21 and a one year high of $125.27. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The company had revenue of $8.25 billion for the quarter, compared to analysts' expectations of $7.70 billion. During the same quarter in the previous year, the company posted $1.44 EPS. The business's revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were given a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. Duke Energy's payout ratio is presently 69.32%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. BMO Capital Markets lowered their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Morgan Stanley reduced their price target on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Citigroup raised their target price on Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Raymond James Financial started coverage on shares of Duke Energy in a research report on Friday, June 13th. They set a "market perform" rating for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Duke Energy currently has an average rating of "Moderate Buy" and an average target price of $125.75.

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.