Duke Energy Corporation (NYSE:DUK) Position Increased by Concord Asset Management LLC VA

Concord Asset Management LLC VA raised its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 227.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,485 shares of the utilities provider's stock after buying an additional 12,153 shares during the period. Concord Asset Management LLC VA's holdings in Duke Energy were worth $2,123,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DUK. Vermillion Wealth Management Inc. acquired a new stake in Duke Energy during the fourth quarter worth about $27,000. Wayfinding Financial LLC bought a new position in Duke Energy in the 1st quarter worth approximately $27,000. Mattson Financial Services LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at $28,000. WealthTrak Capital Management LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at $30,000. Finally, Hoey Investments Inc. acquired a new position in shares of Duke Energy in the 4th quarter valued at $36,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 0.4%

Shares of DUK opened at $117.96 on Tuesday. 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 market capitalization of $91.69 billion, a PE ratio of 19.56, a P/E/G ratio of 2.93 and a beta of 0.37. The firm's 50 day moving average is $116.74 and its 200-day moving average is $115.86. Duke Energy Corporation has a 12 month low of $104.02 and a 12 month high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $8.25 billion for the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS. Equities research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors 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 annualized dividend and a dividend yield of 3.54%. Duke Energy's dividend payout ratio is 69.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DUK shares. BMO Capital Markets reduced their target price on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Raymond James Financial started coverage on shares of Duke Energy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. Morgan Stanley dropped their target price on shares of Duke Energy from $125.00 to $124.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Citigroup upped their target price on shares of Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Barclays lowered their price target on shares of Duke Energy from $123.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and an average price target of $126.88.

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.

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