MSI Financial Services Inc increased its position in Duke Energy Corp. (NYSE:DUK) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,978 shares of the company’s stock after buying an additional 322 shares during the period. MSI Financial Services Inc’s holdings in Duke Energy Corp. were worth $3,520,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of DUK. Jolley Asset Management LLC increased its stake in shares of Duke Energy Corp. by 9.1% in the second quarter. Jolley Asset Management LLC now owns 1,186 shares of the company’s stock worth $102,000 after buying an additional 99 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Duke Energy Corp. by 8.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,250 shares of the company’s stock worth $107,000 after buying an additional 100 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Duke Energy Corp. by 14.3% in the second quarter. Sunbelt Securities Inc. now owns 1,523 shares of the company’s stock worth $131,000 after buying an additional 190 shares during the period. Mercer Capital Advisers Inc. increased its stake in shares of Duke Energy Corp. by 394.2% in the second quarter. Mercer Capital Advisers Inc. now owns 1,705 shares of the company’s stock worth $146,000 after buying an additional 1,360 shares during the period. Finally, D Orazio & Associates Inc. increased its stake 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 worth $149,000 after buying an additional 14 shares during the period. 56.16% of the stock is owned by institutional investors and hedge funds.

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

Duke Energy Corp. (NYSE:DUK) traded down 3.40% during midday trading on Wednesday, reaching $73.77. The company had a trading volume of 5,583,153 shares. The firm’s 50-day moving average price is $76.84 and its 200 day moving average price is $80.51. Duke Energy Corp. has a 12 month low of $65.50 and a 12 month high of $87.75. The firm has a market capitalization of $50.82 billion, a PE ratio of 17.84 and a beta of 0.13.

Duke Energy Corp. (NYSE:DUK) last released its earnings results on Friday, November 4th. The company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.10. Duke Energy Corp. had a return on equity of 8.20% and a net margin of 12.27%. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities 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. Investors of record on Friday, November 18th will be given a dividend of $0.855 per share. The ex-dividend date is Wednesday, November 16th. This represents a $3.42 annualized dividend and a yield of 4.64%. Duke Energy Corp.’s dividend payout ratio (DPR) is presently 82.61%.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/30/msi-financial-services-inc-buys-322-shares-of-duke-energy-corp-duk.html.

A number of analysts recently issued reports on the company. Scotiabank reissued a “sector perform” rating and set a $83.00 price objective (down from $88.00) on shares of Duke Energy Corp. in a research report on Monday, November 7th. Mizuho raised their price objective on Duke Energy Corp. from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Howard Weil raised their price objective on Duke Energy Corp. from $78.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. SunTrust Banks Inc. cut their price objective on Duke Energy Corp. from $83.00 to $81.00 and set a “neutral” rating for the company in a research report on Monday, August 29th. Finally, Argus reissued a “hold” rating on shares of Duke Energy Corp. in a research report on Wednesday, September 14th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $79.73.

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

About Duke Energy Corp.

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

Receive News & Stock Ratings for Duke Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corp. and related stocks with our FREE daily email newsletter.