BB&T Securities LLC Acquires 13,838 Shares of Duke Energy Corp (DUK)

BB&T Securities LLC boosted its holdings in Duke Energy Corp (NYSE:DUK) by 3.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 405,981 shares of the utilities provider’s stock after purchasing an additional 13,838 shares during the quarter. BB&T Securities LLC owned about 0.06% of Duke Energy worth $34,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Financial Advisory Service Inc. grew its holdings in shares of Duke Energy by 0.3% during the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock valued at $562,000 after buying an additional 17 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Duke Energy by 0.7% during the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after buying an additional 18 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Duke Energy by 0.3% during the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock valued at $594,000 after buying an additional 19 shares during the last quarter. Accredited Investors Inc. grew its holdings in shares of Duke Energy by 0.7% during the second quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock valued at $235,000 after buying an additional 19 shares during the last quarter. Finally, Hudock Capital Group LLC grew its holdings in shares of Duke Energy by 0.3% during the second quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock valued at $699,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 57.24% of the company’s stock.

Shares of Duke Energy Corp (DUK) opened at $84.17 on Friday. Duke Energy Corp has a fifty-two week low of $76.14 and a fifty-two week high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The stock has a market cap of $59,007.95, a P/E ratio of 27.78, a P/E/G ratio of 4.61 and a beta of 0.26.

Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter last year, the company posted $1.68 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. analysts expect that Duke Energy Corp will post 4.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Friday, November 17th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.23%. The ex-dividend date was Thursday, November 16th. Duke Energy’s dividend payout ratio is currently 117.49%.

In related news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.07% of the company’s stock.

A number of equities research analysts have recently commented on DUK shares. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Bank of America reiterated a “neutral” rating and set a $92.00 price target on shares of Duke Energy in a report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Duke Energy in a report on Friday, September 1st. Citigroup increased their price target on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley increased their price target on shares of Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. Duke Energy presently has a consensus rating of “Hold” and a consensus target price of $87.21.

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Duke Energy 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.

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

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