Sterling Capital Management LLC Grows Holdings in Duke Energy Corporation (DUK)

Sterling Capital Management LLC grew its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,919 shares of the utilities provider’s stock after buying an additional 651 shares during the quarter. Sterling Capital Management LLC’s holdings in Duke Energy Corporation were worth $4,758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Duke Energy Corporation by 3.2% in the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after purchasing an additional 1,572,216 shares during the period. BlackRock Inc. boosted its stake in shares of Duke Energy Corporation by 1.2% in the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after purchasing an additional 506,596 shares during the period. State Street Corp boosted its stake in shares of Duke Energy Corporation by 1.3% in the first quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after purchasing an additional 451,100 shares during the period. Federated Investors Inc. PA boosted its stake in shares of Duke Energy Corporation by 1.5% in the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock valued at $791,919,000 after purchasing an additional 141,551 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of 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. Institutional investors own 56.30% of the company’s stock.

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DUK has been the subject of several analyst reports. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BMO Capital Markets restated a “hold” rating and issued a $87.00 target price (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Deutsche Bank AG restated a “hold” rating and issued a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Morgan Stanley upped their target price on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Duke Energy Corporation has an average rating of “Hold” and a consensus target price of $86.90.

Shares of Duke Energy Corporation (NYSE:DUK) opened at $88.52 on Monday. The firm has a market cap of $61,961.84, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 4.84 and a beta of 0.26. Duke Energy Corporation has a twelve month low of $72.34 and a twelve month high of $91.80. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.89 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.02%. Duke Energy Corporation’s dividend payout ratio (DPR) is 117.49%.

In other Duke Energy Corporation news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

About Duke Energy Corporation

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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