Teachers Advisors LLC lifted its holdings in Duke Energy Corporation (NYSE:DUK) by 2.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,345,703 shares of the utilities provider’s stock after purchasing an additional 29,128 shares during the quarter. Teachers Advisors LLC owned about 0.19% of Duke Energy Corporation worth $112,487,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of DUK. CWA Asset Management Group LLC raised its stake in Duke Energy Corporation by 11.2% in the 2nd quarter. CWA Asset Management Group LLC now owns 53,141 shares of the utilities provider’s stock worth $4,442,000 after acquiring an additional 5,371 shares during the last quarter. Seven Eight Capital LP purchased a new position in Duke Energy Corporation in the 2nd quarter worth $1,488,000. Capital Wealth Planning LLC raised its stake in Duke Energy Corporation by 4.5% in the 2nd quarter. Capital Wealth Planning LLC now owns 4,201 shares of the utilities provider’s stock worth $351,000 after acquiring an additional 180 shares during the last quarter. Stephens Inc. AR raised its stake in Duke Energy Corporation by 1.2% in the 2nd quarter. Stephens Inc. AR now owns 160,454 shares of the utilities provider’s stock worth $13,412,000 after acquiring an additional 1,845 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Duke Energy Corporation by 0.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 48,513 shares of the utilities provider’s stock worth $4,055,000 after acquiring an additional 406 shares during the last quarter. 56.21% of the stock is owned by hedge funds and other institutional investors.
DUK has been the subject of a number of research analyst reports. BidaskClub lowered Duke Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Morgan Stanley restated an “equal weight” rating and issued a $87.00 target price (down previously from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Tuesday, July 11th. BMO Capital Markets restated a “hold” rating and issued a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $84.00 target price (up previously from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. Duke Energy Corporation has a consensus rating of “Hold” and a consensus target price of $86.25.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.07% of the company’s stock.
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Shares of Duke Energy Corporation (NYSE:DUK) opened at 87.95 on Monday. The firm has a market capitalization of $61.56 billion, a PE ratio of 26.05 and a beta of 0.24. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.55. The stock’s 50 day moving average price is $86.17 and its 200-day moving average price is $85.17.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Duke Energy Corporation will post $4.58 EPS for the current fiscal year.
The business 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 $0.89 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.05%. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 105.64%.
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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