Duke Energy Corporation $DUK Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 45.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,241 shares of the utilities provider’s stock after acquiring an additional 14,784 shares during the period. Integrated Wealth Concepts LLC’s holdings in Duke Energy were worth $5,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DUK. California State Teachers Retirement System increased its stake in Duke Energy by 12,624.6% during the second quarter. California State Teachers Retirement System now owns 114,736,922 shares of the utilities provider’s stock worth $14,523,400,000 after acquiring an additional 113,835,227 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Duke Energy during the second quarter valued at about $605,680,000. Janus Henderson Group PLC increased its holdings in Duke Energy by 5,254.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock valued at $358,227,000 after purchasing an additional 2,684,721 shares during the last quarter. Cullen Capital Management LLC acquired a new position in Duke Energy during the second quarter worth $244,731,000. Finally, Amundi lifted its stake in Duke Energy by 56.9% during the fourth quarter. Amundi now owns 2,662,460 shares of the utilities provider’s stock worth $312,067,000 after purchasing an additional 965,808 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

DUK stock opened at $119.48 on Friday. The company has a market capitalization of $93.16 billion, a P/E ratio of 17.94, a PEG ratio of 2.78 and a beta of 0.37. Duke Energy Corporation has a twelve month low of $113.89 and a twelve month high of $134.49. The business has a 50 day simple moving average of $123.98 and a 200-day simple moving average of $126.22. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47.

Duke Energy (NYSE:DUK) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. The business had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. As a group, equities analysts anticipate that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be paid a dividend of $1.085 per share. This represents a $4.34 annualized dividend and a dividend yield of 3.6%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 14th. Duke Energy’s payout ratio is currently 65.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Truist Financial dropped their price objective on Duke Energy from $138.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, August 17th. BTIG Research restated a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their target price on Duke Energy from $136.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research note on Friday, July 31st. Finally, Barclays lowered their target price on Duke Energy from $140.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $137.94.

About Duke Energy

Duke Energy Corporation is an electric and natural gas utility holding company headquartered in Charlotte, North Carolina. The company generates, transmits, distributes and sells electricity, with a generation portfolio that includes natural gas, nuclear, coal, hydroelectric and renewable energy resources. It also operates natural gas distribution businesses and provides related energy services.

Duke Energy’s regulated electric utilities serve residential, commercial and industrial customers across the Carolinas, Florida, Indiana, Ohio and Kentucky.