ProShare Advisors LLC Has $5.43 Million Position in Duke Energy Corporation (DUK)

ProShare Advisors LLC lessened its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,953 shares of the utilities provider’s stock after selling 1,019 shares during the period. ProShare Advisors LLC’s holdings in Duke Energy Corporation were worth $5,429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Financial Advisory Service Inc. raised its stake in Duke Energy Corporation by 0.3% during the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after buying an additional 17 shares during the last quarter. Valley National Advisers Inc. raised its stake in Duke Energy Corporation by 0.7% during the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after buying an additional 18 shares during the last quarter. Accredited Investors Inc. raised its stake in Duke Energy Corporation by 0.7% during the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock worth $229,000 after buying an additional 19 shares during the last quarter. Hayek Kallen Investment Management raised its stake in Duke Energy Corporation by 0.5% during the first quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock worth $325,000 after buying an additional 19 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its stake in Duke Energy Corporation by 0.3% during the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock worth $594,000 after buying an additional 19 shares during the last quarter. 56.21% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s 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 sale, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.

Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm 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 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.03%. Duke Energy Corporation’s dividend payout ratio is 105.64%.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday. 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. Citigroup Inc. lifted their target price on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. SunTrust Banks, Inc. reissued a “hold” rating and set a $88.00 target price on shares of Duke Energy Corporation in a research note on Thursday, October 12th. Finally, J P Morgan Chase & Co lifted their price target on shares of Duke Energy Corporation from $83.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.25.

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.

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

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