TRUE Private Wealth Advisors bought a new position in Duke Energy Corp (NYSE:DUK) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,083 shares of the utilities provider’s stock, valued at approximately $183,000.

Several other institutional investors also recently made changes to their positions in DUK. BlackRock Inc. boosted its holdings in shares of Duke Energy by 2.6% in the 1st quarter. BlackRock Inc. now owns 49,544,716 shares of the utilities provider’s stock worth $4,459,023,000 after purchasing an additional 1,274,643 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Duke Energy by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock worth $771,079,000 after purchasing an additional 750,534 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Duke Energy by 19.7% in the 1st quarter. California Public Employees Retirement System now owns 4,394,565 shares of the utilities provider’s stock worth $395,511,000 after purchasing an additional 724,378 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Duke Energy by 5,502.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 599,423 shares of the utilities provider’s stock worth $53,948,000 after purchasing an additional 588,723 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Duke Energy by 52.2% during the 2nd quarter. First Trust Advisors LP now owns 1,354,349 shares of the utilities provider’s stock valued at $119,508,000 after acquiring an additional 464,779 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

NYSE DUK traded up $0.28 on Thursday, reaching $89.09. 83,015 shares of the stock traded hands, compared to its average volume of 2,630,390. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $88.58. The company has a market cap of $65.21 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 3.70 and a beta of 0.12. Duke Energy Corp has a 12 month low of $78.00 and a 12 month high of $91.67.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.14. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.76 billion. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. Duke Energy’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Equities analysts anticipate that Duke Energy Corp will post 4.95 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be given a dividend of $0.945 per share. The ex-dividend date of this dividend is Thursday, August 15th. This is a positive change from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 dividend on an annualized basis and a yield of 4.24%. Duke Energy’s payout ratio is 78.60%.

DUK has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price objective on Duke Energy from $99.00 to $92.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. KeyCorp initiated coverage on Duke Energy in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. JPMorgan Chase & Co. set a $90.00 price objective on Duke Energy and gave the company a “hold” rating in a report on Monday, May 20th. Finally, Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price objective for the company. in a report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.50.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,117 shares of Duke Energy stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $88.20, for a total transaction of $451,319.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Marie Mckee sold 1,781 shares of Duke Energy stock in a transaction on Monday, May 20th. The shares were sold at an average price of $87.37, for a total value of $155,605.97. Following the sale, the director now directly owns 1 shares of the company’s stock, valued at $87.37. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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

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