Envestnet Asset Management Inc. Has $320.59 Million Holdings in Duke Energy Corporation (NYSE:DUK)

Envestnet Asset Management Inc. boosted its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 9.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,628,423 shares of the utilities provider's stock after purchasing an additional 228,052 shares during the quarter. Envestnet Asset Management Inc. owned 0.34% of Duke Energy worth $320,589,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Duke Energy during the first quarter valued at approximately $27,000. Mattson Financial Services LLC bought a new position in Duke Energy in the fourth quarter valued at approximately $28,000. Vermillion Wealth Management Inc. bought a new position in Duke Energy in the fourth quarter valued at approximately $27,000. Parkworth Wealth Management Inc. bought a new position in Duke Energy in the fourth quarter valued at approximately $28,000. Finally, WealthTrak Capital Management LLC bought a new position in Duke Energy in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Stock Performance

NYSE DUK traded down $0.96 on Tuesday, hitting $116.33. 3,135,082 shares of the stock were exchanged, compared to its average volume of 3,484,714. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.50. The business's fifty day moving average is $117.14 and its 200 day moving average is $115.55. Duke Energy Corporation has a 52 week low of $100.03 and a 52 week high of $125.27. The company has a market capitalization of $90.42 billion, a PE ratio of 19.29, a P/E/G ratio of 2.93 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last released 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. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The firm 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 company earned $1.44 earnings per share. The company's quarterly revenue was up 7.5% on a year-over-year basis. Research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were paid a $1.045 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.59%. Duke Energy's dividend payout ratio (DPR) is presently 69.32%.

Wall Street Analyst Weigh In

DUK has been the topic of a number of research reports. Morgan Stanley cut their price target on shares of 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. UBS Group reaffirmed a "neutral" rating and issued a $127.00 price target (up previously from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. Raymond James Financial initiated coverage on shares of Duke Energy in a research note on Friday, June 13th. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. lifted their price target 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. Finally, The Goldman Sachs Group set a $132.00 price objective on shares of Duke Energy in a research report on Tuesday, July 1st. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to 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.