Xact Kapitalforvaltning AB lifted its stake in Duke Energy Corporation (NYSE:DUK) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,505 shares of the utilities provider’s stock after acquiring an additional 1,986 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Duke Energy Corporation were worth $4,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. North Star Investment Management Corp. grew its stake in shares of Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 322 shares during the period. Advantage Investment Management LLC grew its stake in shares of Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 462 shares during the period. Baystate Wealth Management LLC bought a new stake in shares of Duke Energy Corporation in the first quarter worth approximately $142,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Duke Energy Corporation by 84.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock worth $152,000 after acquiring an additional 848 shares during the period. Finally, Arrow Financial Corp grew its stake in shares of Duke Energy Corporation by 52.2% in the first quarter. Arrow Financial Corp now owns 1,884 shares of the utilities provider’s stock worth $155,000 after acquiring an additional 646 shares during the period. Hedge funds and other institutional investors own 56.22% of the company’s stock.

Duke Energy Corporation (NYSE DUK) traded up 0.32% during trading on Tuesday, hitting $87.37. 708,937 shares of the stock traded hands. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $87.95. The stock has a market cap of $61.15 billion, a P/E ratio of 25.88 and a beta of 0.25. The stock has a 50 day moving average price of $85.88 and a 200-day moving average price of $83.82.

Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter last year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.09%. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 105.64%.

Several analysts recently issued reports on DUK shares. BMO Capital Markets restated a “hold” rating and set a $85.00 target price on shares of Duke Energy Corporation in a research report on Wednesday, May 10th. Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) upgraded shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $82.00 to $85.00 in a research report on Monday, June 26th. BidaskClub upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Morgan Stanley restated an “equal weight” rating and set a $87.00 target price (down from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $82.91.

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In related news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the sale, the executive vice president now owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by company 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.

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

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