Concurrent Investment Advisors LLC Has $2.43 Million Stake in Duke Energy Co. (NYSE:DUK)

Concurrent Investment Advisors LLC trimmed its position in shares of Duke Energy Co. (NYSE:DUK) by 8.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,098 shares of the utilities provider’s stock after selling 2,340 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Duke Energy were worth $2,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Capital Research Global Investors lifted its holdings in Duke Energy by 4.8% in the 4th quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock worth $1,081,125,000 after purchasing an additional 509,039 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Duke Energy by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock worth $799,599,000 after buying an additional 842,458 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Duke Energy by 0.5% during the fourth quarter. Franklin Resources Inc. now owns 8,113,443 shares of the utilities provider’s stock worth $787,328,000 after buying an additional 42,782 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Duke Energy by 3.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,351,533 shares of the utilities provider’s stock worth $228,193,000 after buying an additional 84,227 shares during the last quarter. Finally, Capital Wealth Planning LLC lifted its holdings in shares of Duke Energy by 1.6% during the first quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock worth $190,845,000 after buying an additional 31,309 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on DUK shares. BMO Capital Markets lowered their price objective on Duke Energy from $110.00 to $109.00 and set an “outperform” rating on the stock in a research report on Thursday. Barclays boosted their price objective on Duke Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday. Scotiabank lowered their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley lowered their price objective on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Finally, Mizuho upped their price target on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.42.

Duke Energy Trading Down 0.1 %

NYSE:DUK traded down $0.07 during mid-day trading on Monday, hitting $105.32. The company had a trading volume of 2,711,026 shares, compared to its average volume of 2,908,851. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $105.90. The business’s fifty day moving average is $101.87 and its two-hundred day moving average is $97.77. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The firm has a market cap of $81.28 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.89 and a beta of 0.45.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.05. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The company had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be issued a dividend of $1.045 per share. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.97%. Duke Energy’s dividend payout ratio (DPR) is presently 103.02%.

Insider Buying and Selling

In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the transaction, the executive vice president now directly owns 68,657 shares in the company, valued at $7,057,253.03. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the completion of the sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the sale, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at $7,057,253.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,695 shares of company stock worth $2,750,815. 0.10% of the stock is owned by corporate insiders.

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.