Asset Management One Co. Ltd. Has $46.09 Million Stock Position in Duke Energy Corporation (NYSE:DUK)

Asset Management One Co. Ltd. lifted its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,905 shares of the utilities provider's stock after purchasing an additional 10,284 shares during the period. Asset Management One Co. Ltd.'s holdings in Duke Energy were worth $46,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of DUK. Toth Financial Advisory Corp increased its holdings in shares of Duke Energy by 31.6% in the 1st quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 83 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Duke Energy by 2.8% in the first quarter. Revolve Wealth Partners LLC now owns 3,034 shares of the utilities provider's stock valued at $370,000 after purchasing an additional 84 shares during the period. Quent Capital LLC grew its stake in shares of Duke Energy by 3.0% in the first quarter. Quent Capital LLC now owns 2,993 shares of the utilities provider's stock worth $365,000 after purchasing an additional 86 shares in the last quarter. Grandview Asset Management LLC grew its position in Duke Energy by 0.6% in the 1st quarter. Grandview Asset Management LLC now owns 14,135 shares of the utilities provider's stock valued at $1,724,000 after buying an additional 86 shares in the last quarter. Finally, Alhambra Investment Management LLC lifted its position in Duke Energy by 4.1% in the first quarter. Alhambra Investment Management LLC now owns 2,268 shares of the utilities provider's stock worth $277,000 after purchasing an additional 90 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DUK has been the subject of several research reports. BMO Capital Markets reduced their price objective on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Barclays boosted their price objective on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Raymond James Financial initiated coverage on Duke Energy in a report on Friday, June 13th. They set a "market perform" rating on the stock. Finally, Guggenheim lifted their price objective on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $126.94.

Duke Energy Price Performance

Shares of NYSE:DUK traded down $0.96 on Wednesday, hitting $115.99. The stock had a trading volume of 2,966,205 shares, compared to its average volume of 3,459,357. The company has a market capitalization of $90.15 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.92 and a beta of 0.37. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.50 and a current ratio of 0.77. The firm's 50 day moving average price is $117.81 and its 200-day moving average price is $114.97. Duke Energy Corporation has a twelve month low of $99.21 and a twelve month 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 EPS for the quarter, topping the consensus estimate of $1.59 by $0.17. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The business had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. During the same period in the previous year, the business earned $1.44 EPS. Duke Energy's revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, May 16th. Duke Energy's dividend payout ratio 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.