Concurrent Investment Advisors LLC Has $5.53 Million Position in Duke Energy Corporation (NYSE:DUK)

Concurrent Investment Advisors LLC increased its holdings in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,333 shares of the utilities provider's stock after buying an additional 2,905 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Duke Energy were worth $5,529,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. HM Payson & Co. raised its stake in Duke Energy by 15.4% during the 1st quarter. HM Payson & Co. now owns 7,918 shares of the utilities provider's stock worth $966,000 after buying an additional 1,059 shares during the period. World Investment Advisors raised its stake in shares of Duke Energy by 8.8% in the 1st quarter. World Investment Advisors now owns 21,456 shares of the utilities provider's stock valued at $2,617,000 after purchasing an additional 1,743 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Duke Energy in the 1st quarter valued at about $27,000. Capital Investment Advisory Services LLC raised its stake in shares of Duke Energy by 2.2% in the 1st quarter. Capital Investment Advisory Services LLC now owns 79,401 shares of the utilities provider's stock valued at $9,685,000 after purchasing an additional 1,745 shares during the period. Finally, Strategic Blueprint LLC raised its stake in shares of Duke Energy by 5.7% in the 1st quarter. Strategic Blueprint LLC now owns 21,923 shares of the utilities provider's stock valued at $2,674,000 after purchasing an additional 1,183 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on DUK shares. BMO Capital Markets dropped their price target 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. Morgan Stanley dropped their price target on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Citigroup lifted their price target on Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. UBS Group reiterated a "neutral" rating and set a $127.00 target price (up previously from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Finally, JPMorgan Chase & Co. upped their target price on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $126.88.

Duke Energy Stock Performance

NYSE:DUK traded down $0.06 on Monday, hitting $117.25. The company's stock had a trading volume of 2,039,438 shares, compared to its average volume of 3,486,155. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. The stock has a fifty day moving average of $117.21 and a two-hundred day moving average of $115.49. The firm has a market capitalization of $91.13 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 2.93 and a beta of 0.37. Duke Energy Corporation has a one year low of $100.03 and a one year high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. The company had revenue of $8.25 billion for the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 earnings per share. Research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were paid 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 dividend yield of 3.57%. Duke Energy's dividend payout ratio (DPR) is currently 69.32%.

Duke Energy Company 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.