Patten & Patten Inc. TN increased its position in Duke Energy Corp. (NYSE:DUK) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,133 shares of the company’s stock after buying an additional 218 shares during the period. Patten & Patten Inc. TN’s holdings in Duke Energy Corp. were worth $2,332,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Panagora Asset Management Inc. increased its stake in Duke Energy Corp. by 0.4% in the first quarter. Panagora Asset Management Inc. now owns 59,847 shares of the company’s stock worth $4,828,000 after buying an additional 217 shares during the period. Babson Capital Management LLC raised its position in shares of Duke Energy Corp. by 60.6% in the first quarter. Babson Capital Management LLC now owns 16,690 shares of the company’s stock worth $1,347,000 after buying an additional 6,300 shares in the last quarter. Iowa State Bank raised its position in shares of Duke Energy Corp. by 4.1% in the second quarter. Iowa State Bank now owns 38,782 shares of the company’s stock worth $3,327,000 after buying an additional 1,525 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Duke Energy Corp. by 4.4% in the second quarter. Fulton Bank N.A. now owns 43,713 shares of the company’s stock worth $3,751,000 after buying an additional 1,824 shares in the last quarter. Finally, Boltwood Capital Management raised its position in shares of Duke Energy Corp. by 3.2% in the second quarter. Boltwood Capital Management now owns 7,320 shares of the company’s stock worth $628,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 56.16% of the company’s stock.

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

Shares of Duke Energy Corp. (NYSE:DUK) traded up 2.33% during midday trading on Monday, reaching $76.08. 4,049,028 shares of the company’s stock traded hands. Duke Energy Corp. has a one year low of $65.50 and a one year high of $87.75. The stock’s 50-day moving average price is $76.86 and its 200 day moving average price is $80.54. The firm has a market capitalization of $52.41 billion, a PE ratio of 18.40 and a beta of 0.13.

Duke Energy Corp. (NYSE:DUK) last released its quarterly earnings results on Friday, November 4th. The company reported $1.68 EPS for the quarter, beating the Thomson Reuters’ 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 earned $6.43 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that Duke Energy Corp. will post $4.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 18th will be given a dividend of $0.855 per share. This represents a $3.42 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Wednesday, November 16th. Duke Energy Corp.’s payout ratio is currently 82.61%.

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DUK has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Thursday, September 15th. Argus reiterated a “hold” rating on shares of Duke Energy Corp. in a research report on Wednesday, September 14th. Citigroup Inc. cut their target price on shares of Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, October 4th. SunTrust Banks Inc. increased their target price on shares of Duke Energy Corp. from $82.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, September 26th. Finally, Mizuho increased their target price on shares of Duke Energy Corp. from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $79.73.

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