Concord Asset Management LLC VA Acquires 172 Shares of Duke Energy Co. (NYSE:DUK)

Concord Asset Management LLC VA grew its position in shares of Duke Energy Co. (NYSE:DUK) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,815 shares of the utilities provider’s stock after buying an additional 172 shares during the quarter. Concord Asset Management LLC VA’s holdings in Duke Energy were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in 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 buying an additional 352,320 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Duke Energy by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after buying an additional 40,243 shares during the last quarter. Mackenzie Financial Corp grew its stake in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Duke Energy by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock worth $182,101,000 after buying an additional 240,136 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Trading Up 2.3 %

DUK opened at $112.17 on Friday. The firm’s fifty day moving average is $115.40 and its two-hundred day moving average is $109.27. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The firm has a market cap of $86.65 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. Duke Energy Co. has a twelve month low of $88.27 and a twelve month high of $121.25.

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

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.73%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Analyst Ratings Changes

Several research firms have recently commented on DUK. Barclays increased their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Bank of America increased their price target on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Scotiabank increased their price target on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group began coverage on shares of Duke Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $138.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

About Duke Energy

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.