Duke Energy Corporation (DUK) Position Boosted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 179,333 shares of the utilities provider’s stock after buying an additional 2,139 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Duke Energy Corporation were worth $14,707,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cpcm LLC raised its position in shares of Duke Energy Corporation by 14.3% in the first quarter. Cpcm LLC now owns 3,221 shares of the utilities provider’s stock valued at $264,000 after buying an additional 404 shares during the period. Atlantic Trust LLC raised its position in shares of Duke Energy Corporation by 55.3% in the first quarter. Atlantic Trust LLC now owns 7,174 shares of the utilities provider’s stock valued at $588,000 after buying an additional 2,554 shares during the period. Clearbridge Investments LLC raised its position in shares of Duke Energy Corporation by 3.2% in the first quarter. Clearbridge Investments LLC now owns 353,853 shares of the utilities provider’s stock valued at $29,019,000 after buying an additional 10,865 shares during the period. Piedmont Investment Advisors LLC raised its position in shares of Duke Energy Corporation by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 146,442 shares of the utilities provider’s stock valued at $12,010,000 after buying an additional 1,296 shares during the period. Finally, S. R. Schill & Associates raised its position in shares of Duke Energy Corporation by 5.5% in the first quarter. S. R. Schill & Associates now owns 7,592 shares of the utilities provider’s stock valued at $623,000 after buying an additional 395 shares during the period. 55.41% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Corporation (NYSE DUK) traded up 0.58% on Friday, hitting $86.37. The stock had a trading volume of 884,289 shares. The stock’s 50-day moving average is $84.84 and its 200 day moving average is $83.11. The firm has a market capitalization of $60.45 billion, a price-to-earnings ratio of 25.58 and a beta of 0.24. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75.

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

The company also recently disclosed 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 annualized dividend and a yield of 4.15%. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is 105.64%.

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Several equities analysts have recently commented on DUK shares. Zacks Investment Research lowered Duke Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BMO Capital Markets reiterated a “hold” rating and set a $85.00 price objective on shares of Duke Energy Corporation in a research report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $82.00 to $85.00 in a research report on Monday, June 26th. Barclays PLC reiterated an “equal weight” rating and set a $88.00 price objective (up from $82.00) on shares of Duke Energy Corporation in a research report on Sunday, April 23rd. Finally, BidaskClub lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $82.71.

In related news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director E Marie Mckee sold 1,937 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate 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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