Money Concepts Capital Corp Raises Holdings in Duke Energy Corporation (NYSE:DUK)

Money Concepts Capital Corp boosted its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,333 shares of the utilities provider's stock after buying an additional 2,927 shares during the quarter. Money Concepts Capital Corp's holdings in Duke Energy were worth $6,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider's stock valued at $728,000 after purchasing an additional 700 shares during the period. Simmons Bank increased its holdings in Duke Energy by 3.9% in the 4th quarter. Simmons Bank now owns 33,761 shares of the utilities provider's stock valued at $3,637,000 after purchasing an additional 1,268 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Duke Energy during the 4th quarter valued at about $176,000. Heritage Investors Management Corp grew its holdings in Duke Energy by 13.1% during the 4th quarter. Heritage Investors Management Corp now owns 9,177 shares of the utilities provider's stock valued at $989,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Nwam LLC lifted its holdings in Duke Energy by 3.7% in the 4th quarter. Nwam LLC now owns 5,270 shares of the utilities provider's stock worth $568,000 after buying an additional 188 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $116.39 on Friday. Duke Energy Corporation has a 12 month low of $99.21 and a 12 month high of $125.27. 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 stock's 50 day moving average price is $117.62 and its 200 day moving average price is $115.01. The stock has a market cap of $90.47 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.90 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $7.70 billion. During the same period last year, the firm posted $1.44 earnings per share. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

DUK has been the topic of a number of analyst reports. The Goldman Sachs Group raised Duke Energy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $125.00 to $132.00 in a research report on Wednesday. Morgan Stanley decreased their price target on shares of Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. UBS Group reaffirmed a "neutral" rating and issued a $127.00 price target (up from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Barclays boosted their target price on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. 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, Duke Energy currently has a consensus rating of "Moderate Buy" and an average target price of $126.94.

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.

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