Concurrent Investment Advisors LLC Boosts Stock Holdings in Duke Energy Corporation (NYSE:DUK)

Concurrent Investment Advisors LLC boosted its holdings in Duke Energy Corporation (NYSE:DUK - Free Report) by 6.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,333 shares of the utilities provider's stock after purchasing 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.

A number of other institutional investors have also added to or reduced their stakes in the stock. HM Payson & Co. increased its stake in Duke Energy by 15.4% in the 1st quarter. HM Payson & Co. now owns 7,918 shares of the utilities provider's stock worth $966,000 after acquiring an additional 1,059 shares during the last quarter. World Investment Advisors grew its holdings in shares of Duke Energy by 8.8% in the first 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 in the last quarter. Wayfinding Financial LLC purchased a new stake in Duke Energy during the first quarter valued at $27,000. Capital Investment Advisory Services LLC lifted its position in Duke Energy by 2.2% during the first 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 last quarter. Finally, Strategic Blueprint LLC grew 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 worth $2,674,000 after buying an additional 1,183 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Up 0.4%

Shares of DUK traded up $0.53 during trading hours on Friday, reaching $117.59. 1,953,866 shares of the company traded hands, compared to its average volume of 3,491,877. The stock's fifty day moving average price is $117.21 and its 200 day moving average price is $115.43. 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 firm has a market cap of $91.39 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.93 and a beta of 0.37. Duke Energy Corporation has a 12-month low of $100.03 and a 12-month high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.17. The company had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 EPS. Sell-side analysts forecast 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. Shareholders of record on Friday, May 16th were given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy's dividend payout ratio (DPR) is presently 69.32%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DUK shares. Barclays decreased their target price on shares of Duke Energy from $123.00 to $122.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Wells Fargo & Company upped their price objective on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Raymond James Financial assumed coverage on Duke Energy in a report on Friday, June 13th. They issued a "market perform" rating for the company. UBS Group restated a "neutral" rating and set a $127.00 price target (up previously from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Finally, 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 research report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $126.88.

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.