Birch Hill Investment Advisors LLC maintained its stake in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,443 shares of the utilities provider’s stock at the close of the second quarter. Birch Hill Investment Advisors LLC’s holdings in Duke Energy Corporation were worth $789,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Duke Energy Corporation by 4.1% during the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after buying an additional 1,918,598 shares during the period. BlackRock Inc. boosted its stake in Duke Energy Corporation by 1.2% during the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after buying an additional 506,596 shares during the period. State Street Corp boosted its stake in Duke Energy Corporation by 1.3% during the first quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after buying an additional 451,100 shares during the period. Federated Investors Inc. PA boosted its stake in Duke Energy Corporation by 1.5% during the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock valued at $791,919,000 after buying an additional 141,551 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Duke Energy Corporation by 33.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after buying an additional 2,345,114 shares during the period. 56.21% of the stock is owned by institutional investors.
In related 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 owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by company insiders.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday. BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Bank of America Corporation reaffirmed a “neutral” rating and set a $92.00 price target on shares of Duke Energy Corporation in a research note on Tuesday, October 24th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $88.00 price target on shares of Duke Energy Corporation in a research note on Thursday, October 12th. Finally, Morgan Stanley lifted their price target 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. 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’s stock. The stock presently has an average rating of “Hold” and an average target price of $86.25.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share 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 firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the business posted $1.07 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s payout ratio is 105.64%.
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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.
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