Concord Asset Management LLC VA Has $555,000 Stock Position in Duke Energy Co. (NYSE:DUK)

Concord Asset Management LLC VA boosted its position in shares of Duke Energy Co. (NYSE:DUK) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,815 shares of the utilities provider’s stock after purchasing an additional 172 shares during the period. Concord Asset Management LLC VA’s holdings in Duke Energy were worth $555,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Tower Bridge Advisors boosted its position in Duke Energy by 9.4% during the third quarter. Tower Bridge Advisors now owns 8,703 shares of the utilities provider’s stock valued at $1,003,000 after purchasing an additional 750 shares during the last quarter. Atlanta Consulting Group Advisors LLC boosted its position in Duke Energy by 141.0% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 14,469 shares of the utilities provider’s stock valued at $1,668,000 after purchasing an additional 8,466 shares during the last quarter. Sawgrass Asset Management LLC acquired a new stake in shares of Duke Energy in the third quarter worth about $395,000. South Street Advisors LLC bought a new stake in shares of Duke Energy during the 3rd quarter worth about $223,000. Finally, KPP Advisory Services LLC increased its holdings in shares of Duke Energy by 5.0% during the 3rd quarter. KPP Advisory Services LLC now owns 3,556 shares of the utilities provider’s stock valued at $410,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DUK shares. The Goldman Sachs Group upped their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Morgan Stanley raised their target price on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company boosted their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group initiated coverage on Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Stock Performance

DUK opened at $112.17 on Friday. The stock has a market cap of $86.65 billion, a PE ratio of 20.62, a P/E/G ratio of 2.96 and a beta of 0.47. Duke Energy Co. has a 1 year low of $88.27 and a 1 year high of $121.25. The stock’s 50 day simple moving average is $115.40 and its 200-day simple moving average is $109.27. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Duke Energy’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 earnings per share. Sell-side analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.73%. Duke Energy’s payout ratio is currently 76.84%.

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.