Duke Energy Co. (NYSE:DUK) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its position in shares of Duke Energy Co. (NYSE:DUK) by 6.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,463 shares of the utilities provider’s stock after purchasing an additional 2,643 shares during the period. Concurrent Investment Advisors LLC’s holdings in Duke Energy were worth $4,896,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Duke Energy by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock worth $6,835,047,000 after buying an additional 324,289 shares during the period. Capital Research Global Investors increased its position in shares of Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after acquiring an additional 352,320 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Duke Energy by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after purchasing an additional 40,243 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.4 %

Shares of Duke Energy stock opened at $113.62 on Thursday. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25. The stock has a market capitalization of $87.74 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 3.08 and a beta of 0.47. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. The business’s 50 day simple moving average is $115.89 and its 200-day simple moving average is $108.61.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same period last year, the business posted $0.91 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.68%. Duke Energy’s dividend payout ratio is presently 76.98%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Scotiabank increased their target price on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Morgan Stanley increased their price objective 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. The Goldman Sachs Group boosted their target price on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Wells Fargo & Company boosted their price objective on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $121.85.

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.