Gateway Investment Advisers LLC increased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 0.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 708,782 shares of the utilities provider’s stock after buying an additional 2,361 shares during the quarter. Gateway Investment Advisers LLC owned about 0.10% of Duke Energy Corporation worth $59,247,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in Duke Energy Corporation by 2,866.0% in the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after purchasing an additional 41,268,968 shares during the period. Massachusetts Financial Services Co. MA raised its position in Duke Energy Corporation by 33.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after purchasing an additional 2,345,114 shares during the period. Vanguard Group Inc. raised its position in Duke Energy Corporation by 4.1% in the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after purchasing an additional 1,918,598 shares during the period. FMR LLC raised its position in Duke Energy Corporation by 30.6% in the first quarter. FMR LLC now owns 4,909,584 shares of the utilities provider’s stock valued at $402,635,000 after purchasing an additional 1,151,408 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in Duke Energy Corporation by 191.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,602,472 shares of the utilities provider’s stock valued at $131,419,000 after purchasing an additional 1,053,262 shares during the period. Hedge funds and other institutional investors own 56.22% of the company’s stock.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the transaction, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) traded up 0.28% on Monday, reaching $88.03. The company had a trading volume of 711,263 shares. The stock has a market capitalization of $61.62 billion, a P/E ratio of 26.08 and a beta of 0.25. The firm has a 50-day moving average of $86.31 and a 200-day moving average of $84.16. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $88.13.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.01. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $1.07 earnings per share. On average, equities research analysts expect that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be paid a $0.89 dividend. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s payout ratio is presently 105.64%.
DUK has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Friday, July 21st. BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $82.00 to $85.00 in a research report on Monday, June 26th. Royal Bank Of Canada restated a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $87.00 target price (down previously from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $83.11.
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Duke Energy Corporation Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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