Barings LLC Has $2,222,000 Position in Duke Energy Corporation (DUK)

Barings LLC continued to hold its stake in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,090 shares of the utilities provider’s stock at the end of the second quarter. Barings LLC’s holdings in Duke Energy Corporation were worth $2,222,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DUK. Mason Street Advisors LLC lifted its holdings in shares of Duke Energy Corporation by 2.6% during the first quarter. Mason Street Advisors LLC now owns 96,681 shares of the utilities provider’s stock valued at $7,929,000 after acquiring an additional 2,437 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Duke Energy Corporation by 6.1% during the first quarter. Pacer Advisors Inc. now owns 14,932 shares of the utilities provider’s stock valued at $1,225,000 after acquiring an additional 856 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Duke Energy Corporation by 14.4% during the first quarter. Nordea Investment Management AB now owns 31,486 shares of the utilities provider’s stock valued at $2,582,000 after acquiring an additional 3,954 shares during the period. Bruderman Asset Management LLC lifted its holdings in shares of Duke Energy Corporation by 145.6% during the first quarter. Bruderman Asset Management LLC now owns 59,490 shares of the utilities provider’s stock valued at $4,879,000 after acquiring an additional 35,266 shares during the period. Finally, Trust Co. of Toledo NA OH lifted its holdings in shares of Duke Energy Corporation by 1.9% during the first quarter. Trust Co. of Toledo NA OH now owns 21,684 shares of the utilities provider’s stock valued at $1,778,000 after acquiring an additional 404 shares during the period. 56.29% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have issued reports on DUK shares. Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a report on Wednesday, October 4th. J P Morgan Chase & Co lifted their price target on Duke Energy Corporation from $83.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. BidaskClub raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Morgan Stanley lifted their price target on Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $86.90.

Shares of Duke Energy Corporation (NYSE DUK) opened at $91.09 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $62,913.80, a PE ratio of 20.20, a P/E/G ratio of 4.91 and a beta of 0.26. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $91.14.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. analysts anticipate that Duke Energy Corporation will post 4.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be given a $0.89 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 3.91%. Duke Energy Corporation’s payout ratio is 117.49%.

In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy Corporation stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Duke Energy Corporation (NYSE:DUK)

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