British Columbia Investment Management Corp decreased its stake in shares of Duke Energy Corp. (NYSE:DUK) by 31.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 216,100 shares of the company’s stock after selling 101,403 shares during the period. British Columbia Investment Management Corp’s holdings in Duke Energy Corp. were worth $17,297,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Concorde Asset Management LLC raised its position in shares of Duke Energy Corp. by 0.4% in the second quarter. Concorde Asset Management LLC now owns 2,538 shares of the company’s stock valued at $217,000 after buying an additional 10 shares in the last quarter. Verus Financial Partners Inc. raised its position in shares of Duke Energy Corp. by 0.3% in the second quarter. Verus Financial Partners Inc. now owns 3,718 shares of the company’s stock valued at $319,000 after buying an additional 11 shares in the last quarter. BKD Wealth Advisors LLC raised its position in shares of Duke Energy Corp. by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 3,338 shares of the company’s stock valued at $286,000 after buying an additional 14 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of Duke Energy Corp. by 0.8% in the second quarter. D Orazio & Associates Inc. now owns 1,740 shares of the company’s stock valued at $149,000 after buying an additional 14 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Duke Energy Corp. by 0.6% in the second quarter. Sequoia Financial Advisors LLC now owns 3,451 shares of the company’s stock valued at $296,000 after buying an additional 19 shares in the last quarter. 56.89% of the stock is currently owned by institutional investors and hedge funds.

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

Duke Energy Corp. (NYSE:DUK) traded up 1.10% on Friday, reaching $74.35. 1,972,203 shares of the company were exchanged. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75. The stock has a market capitalization of $51.22 billion, a P/E ratio of 17.99 and a beta of 0.13. The company’s 50-day moving average price is $76.87 and its 200-day moving average price is $80.57.

Duke Energy Corp. (NYSE:DUK) last posted its earnings results on Friday, November 4th. The company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.10. Duke Energy Corp. had a net margin of 12.27% and a return on equity of 8.20%. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Duke Energy Corp. will post $4.67 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, November 18th will be issued a dividend of $0.855 per share. This represents a $3.42 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Wednesday, November 16th. Duke Energy Corp.’s payout ratio is 82.61%.

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DUK has been the topic of several analyst reports. Mizuho increased their price objective on shares of Duke Energy Corp. from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Howard Weil increased their price objective on shares of Duke Energy Corp. from $78.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. Scotiabank restated a “sector perform” rating and issued a $88.00 price objective (up from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. SunTrust Banks Inc. cut their target price on shares of Duke Energy Corp. from $83.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, August 29th. Finally, Argus reiterated a “hold” rating on shares of Duke Energy Corp. in a report on Wednesday, September 14th. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. Duke Energy Corp. currently has an average rating of “Hold” and a consensus price target of $79.73.

In other news, Director John H. Forsgren purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of $77.80 per share, for a total transaction of $77,800.00. Following the transaction, the director now owns 1,165 shares of the company’s stock, valued at $90,637. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Frank H. Yoho purchased 14,850 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was purchased at an average price of $74.00 per share, for a total transaction of $1,098,900.00. Following the transaction, the executive vice president now directly owns 23,687 shares in the company, valued at approximately $1,752,838. The disclosure for this purchase can be found here. Company insiders own 0.08% of the company’s stock.

Duke Energy Corp. Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).

5 Day Chart for NYSE:DUK

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