Duke Energy Corporation (DUK) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors lessened its position in Duke Energy Corporation (NYSE:DUK) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 196,121 shares of the utilities provider’s stock after selling 1,452 shares during the quarter. Nationwide Fund Advisors’ holdings in Duke Energy Corporation were worth $16,394,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DUK. Marble Harbor Investment Counsel LLC raised its holdings in shares of Duke Energy Corporation by 5.3% in the 1st quarter. Marble Harbor Investment Counsel LLC now owns 14,139 shares of the utilities provider’s stock valued at $1,160,000 after buying an additional 718 shares during the period. Schnieders Capital Management LLC grew its stake in Duke Energy Corporation by 0.3% during the 1st quarter. Schnieders Capital Management LLC now owns 24,348 shares of the utilities provider’s stock worth $1,997,000 after purchasing an additional 71 shares in the last quarter. Armor Investment Advisors LLC grew its stake in Duke Energy Corporation by 1.9% during the 1st quarter. Armor Investment Advisors LLC now owns 34,855 shares of the utilities provider’s stock worth $2,858,000 after purchasing an additional 664 shares in the last quarter. Fairfield Bush & CO. grew its stake in Duke Energy Corporation by 3.7% during the 1st quarter. Fairfield Bush & CO. now owns 6,258 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 225 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its stake in Duke Energy Corporation by 12.3% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 4,350 shares of the utilities provider’s stock worth $357,000 after purchasing an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 56.21% of the company’s stock.

In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation 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 completion of the transaction, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.

Duke Energy Corporation (NYSE:DUK) opened at 88.31 on Wednesday. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.64. The stock’s 50 day moving average price is $86.18 and its 200 day moving average price is $85.27. The firm has a market capitalization of $61.81 billion, a PE ratio of 26.16 and a beta of 0.24.

Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Zacks’ 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 during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. Duke Energy Corporation’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts expect that Duke Energy Corporation will post $4.58 earnings per share for the current 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 paid 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 4.03%. Duke Energy Corporation’s payout ratio is currently 105.64%.

Several research analysts recently commented on DUK shares. Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Citigroup Inc. boosted their target price on Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Morgan Stanley boosted 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, Bank of America Corporation reissued a “neutral” rating and set a $92.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $86.25.

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Duke Energy Corporation 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.

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

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