State of Michigan Retirement System grew its holdings in shares of Duke Energy Corp (NYSE:DUK) by 12.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,670 shares of the utilities provider’s stock after purchasing an additional 20,519 shares during the quarter. State of Michigan Retirement System’s holdings in Duke Energy were worth $14,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Duke Energy by 1.8% during the 1st quarter. State Street Corp now owns 40,579,311 shares of the utilities provider’s stock valued at $3,282,055,000 after acquiring an additional 724,700 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Duke Energy by 1.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,684,152 shares of the utilities provider’s stock valued at $1,996,454,000 after buying an additional 403,703 shares in the last quarter. Wellington Management Group LLP boosted its position in Duke Energy by 14.8% in the first quarter. Wellington Management Group LLP now owns 15,413,073 shares of the utilities provider’s stock valued at $1,246,611,000 after buying an additional 1,987,105 shares in the last quarter. Invesco Ltd. boosted its position in Duke Energy by 1.1% in the first quarter. Invesco Ltd. now owns 12,167,002 shares of the utilities provider’s stock valued at $984,066,000 after buying an additional 130,788 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Duke Energy by 0.7% in the first quarter. Geode Capital Management LLC now owns 10,845,935 shares of the utilities provider’s stock valued at $877,564,000 after buying an additional 79,780 shares in the last quarter. Institutional investors and hedge funds own 64.03% of the company’s stock.

In other Duke Energy news, SVP Dwight L. Jacobs sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.11, for a total value of $126,165.00. Following the completion of the sale, the senior vice president now owns 5,191 shares of the company’s stock, valued at $436,615.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Harry K. Sideris sold 1,285 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $80.42, for a total transaction of $103,339.70. Following the completion of the sale, the senior vice president now directly owns 5,396 shares of the company’s stock, valued at approximately $433,946.32. The disclosure for this sale can be found here. Insiders sold 3,557 shares of company stock valued at $292,856 in the last ninety days. Insiders own 0.11% of the company’s stock.

Shares of DUK traded up $0.17 on Friday, reaching $84.74. 3,292,473 shares of the company’s stock were exchanged, compared to its average volume of 3,430,067. The company has a current ratio of 0.67, a quick ratio of 0.45 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $62.15 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 3.86 and a beta of 0.31. The business has a 50 day moving average price of $82.48 and a two-hundred day moving average price of $87.23. Duke Energy Corp has a 12 month low of $62.13 and a 12 month high of $103.79.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, May 12th. The utilities provider reported $1.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.05). The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6.24 billion. Duke Energy had a return on equity of 8.13% and a net margin of 15.17%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. Equities research analysts predict that Duke Energy Corp will post 5.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a dividend of $0.965 per share. This represents a $3.86 dividend on an annualized basis and a dividend yield of 4.56%. This is an increase from Duke Energy’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, August 13th. Duke Energy’s payout ratio is 74.70%.

A number of research firms have commented on DUK. Morgan Stanley boosted their price target on shares of Duke Energy from $89.00 to $96.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Seaport Global Securities began coverage on shares of Duke Energy in a research report on Tuesday, June 9th. They issued a “neutral” rating on the stock. Wells Fargo & Co reduced their price target on shares of Duke Energy from $108.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. UBS Group reduced their price target on shares of Duke Energy from $113.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Bank of America restated a “neutral” rating and issued a $83.00 price target (down from $93.00) on shares of Duke Energy in a research report on Wednesday, May 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Duke Energy presently has a consensus rating of “Hold” and a consensus price target of $93.93.

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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