Bull Street Advisors LLC Has $1.81 Million Position in Duke Energy Corporation (NYSE:DUK)

Bull Street Advisors LLC decreased its position in Duke Energy Corporation (NYSE:DUK) by 0.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,823 shares of the utilities provider’s stock after selling 115 shares during the period. Bull Street Advisors LLC’s holdings in Duke Energy were worth $1,808,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Bcwm LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth $9,815,000. Bailard Inc. boosted its position in shares of Duke Energy by 10.9% during the fourth quarter. Bailard Inc. now owns 31,921 shares of the utilities provider’s stock worth $3,439,000 after buying an additional 3,139 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Duke Energy by 25.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider’s stock worth $3,852,000 after buying an additional 7,319 shares in the last quarter. First Business Financial Services Inc. bought a new stake in Duke Energy in the 4th quarter valued at approximately $384,000. Finally, Alley Investment Management Company LLC boosted its position in Duke Energy by 36.4% during the 4th quarter. Alley Investment Management Company LLC now owns 76,477 shares of the utilities provider’s stock worth $8,240,000 after acquiring an additional 20,414 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

NYSE DUK opened at $116.39 on Friday. Duke Energy Corporation has a 12-month low of $99.21 and a 12-month high of $125.27. The firm has a 50-day moving average price of $117.62 and a two-hundred day moving average price of $115.01. The company has a market capitalization of $90.47 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.90 and a beta of 0.37. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.17. The business had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 earnings per share. Analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were given a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Friday, May 16th. Duke Energy’s payout ratio is presently 69.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DUK shares. JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. UBS Group reissued a “neutral” rating and set a $127.00 price target (up from $126.00) on shares of Duke Energy in a research report on Monday, June 2nd. Raymond James Financial initiated coverage on Duke Energy in a report on Friday, June 13th. They issued a “market perform” rating for the company. The Goldman Sachs Group raised Duke Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $125.00 to $132.00 in a research report on Wednesday. Finally, Barclays boosted their price target on Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $126.94.

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.