Duke Energy Corporation (DUK) Stake Raised by Associated Banc Corp

Associated Banc Corp lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,830 shares of the utilities provider’s stock after purchasing an additional 250 shares during the period. Associated Banc Corp’s holdings in Duke Energy Corporation were worth $236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Duke Energy Corporation by 2,866.0% during the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after purchasing an additional 41,268,968 shares during the period. Trust Co. of Virginia VA raised its stake in shares of Duke Energy Corporation by 11.5% during the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after purchasing an additional 1,392 shares during the period. Norinchukin Bank The raised its stake in shares of Duke Energy Corporation by 5.9% during the 1st quarter. Norinchukin Bank The now owns 81,297 shares of the utilities provider’s stock worth $6,667,000 after purchasing an additional 4,531 shares during the period. IBM Retirement Fund raised its stake in shares of Duke Energy Corporation by 122.4% during the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock worth $1,601,000 after purchasing an additional 9,432 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Duke Energy Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock worth $3,628,000 after purchasing an additional 400 shares during the period. Institutional investors own 56.21% of the company’s stock.

Shares of Duke Energy Corporation (DUK) opened at 88.11 on Tuesday. The company has a market capitalization of $61.67 billion, a PE ratio of 26.10 and a beta of 0.24. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $88.55. The stock’s 50 day moving average price is $86.18 and its 200 day moving average price is $85.25.

Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 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 firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts forecast that Duke Energy Corporation will post $4.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 105.64%.

In other news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by company insiders.

A number of research firms have recently commented on DUK. Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Bank of America Corporation reiterated a “neutral” rating and set a $92.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, October 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Morgan Stanley lifted their target price on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Finally, KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Duke Energy Corporation has an average rating of “Hold” and a consensus target price of $86.25.

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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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