CapWealth Advisors LLC Boosts Position in Duke Energy Corporation (NYSE:DUK)

CapWealth Advisors LLC raised its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,298 shares of the utilities provider's stock after acquiring an additional 5,260 shares during the period. Duke Energy makes up about 2.6% of CapWealth Advisors LLC's investment portfolio, making the stock its 13th largest position. CapWealth Advisors LLC's holdings in Duke Energy were worth $23,577,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Toth Financial Advisory Corp grew its holdings in shares of Duke Energy by 31.6% in the first quarter. Toth Financial Advisory Corp now owns 346 shares of the utilities provider's stock worth $42,000 after purchasing an additional 83 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings 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 worth $370,000 after purchasing an additional 84 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in shares of Duke Energy by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider's stock worth $3,356,000 after purchasing an additional 85 shares during the last quarter. Quent Capital LLC grew its holdings 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 during the last quarter. Finally, Grandview Asset Management LLC grew its holdings in shares of Duke Energy by 0.6% in the first quarter. Grandview Asset Management LLC now owns 14,135 shares of the utilities provider's stock worth $1,724,000 after purchasing an additional 86 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Performance

Shares of Duke Energy stock traded down $0.96 during midday trading on Tuesday, hitting $116.33. The company had a trading volume of 3,135,082 shares, compared to its average volume of 3,484,714. The stock has a market cap of $90.42 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.93 and a beta of 0.37. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The company has a fifty day simple moving average of $117.14 and a 200 day simple moving average of $115.55. 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 announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.59 by $0.17. The firm had revenue of $8.25 billion during 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%. Duke Energy's revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $1.44 EPS. As a group, analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared 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 3.59%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy's dividend payout ratio is presently 69.32%.

Analysts Set New Price Targets

Several brokerages have issued reports on DUK. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a report on Tuesday, July 1st. BMO Capital Markets dropped their target price on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Raymond James Financial began coverage on shares of Duke Energy in a report on Friday, June 13th. They set 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. Finally, Wells Fargo & Company increased their target price on shares of Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.88.

Duke Energy 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.