BB&T Corp lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 10.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,130 shares of the utilities provider’s stock after selling 20,584 shares during the period. BB&T Corp’s holdings in Duke Energy Corp were worth $13,788,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. First Trust Advisors LP increased its position in shares of Duke Energy Corp by 4.1% in the third quarter. First Trust Advisors LP now owns 1,499,813 shares of the utilities provider’s stock valued at $120,045,000 after buying an additional 59,754 shares during the last quarter. Quantitative Investment Management LLC increased its position in shares of Duke Energy Corp by 40.1% in the third quarter. Quantitative Investment Management LLC now owns 163,300 shares of the utilities provider’s stock valued at $13,070,000 after buying an additional 46,700 shares during the last quarter. Investment Partners Ltd. OH ADV increased its position in shares of Duke Energy Corp by 252.1% in the third quarter. Investment Partners Ltd. OH ADV now owns 9,652 shares of the utilities provider’s stock valued at $773,000 after buying an additional 6,911 shares during the last quarter. Hyman Charles D increased its position in shares of Duke Energy Corp by 3.7% in the third quarter. Hyman Charles D now owns 134,326 shares of the utilities provider’s stock valued at $10,751,000 after buying an additional 4,742 shares during the last quarter. Finally, Commerce Bank increased its position in shares of Duke Energy Corp by 3.8% in the third quarter. Commerce Bank now owns 215,793 shares of the utilities provider’s stock valued at $17,272,000 after buying an additional 7,818 shares during the last quarter. Hedge funds and other institutional investors own 57.01% of the company’s stock.

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

Shares of Duke Energy Corp (NYSE:DUK) opened at 85.07 on Friday. Duke Energy Corp has a 12-month low of $72.34 and a 12-month high of $87.75. The company has a market capitalization of $59.54 billion, a P/E ratio of 27.13 and a beta of 0.14. The company has a 50-day moving average price of $82.95 and a 200 day moving average price of $79.43.

Duke Energy Corp (NYSE:DUK) last announced its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corp had a return on equity of 8.20% and a net margin of 12.27%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.13 earnings per share. On average, equities analysts anticipate that Duke Energy Corp will post $4.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 19th will be issued a dividend of $0.855 per share. This represents a $3.42 annualized dividend and a yield of 4.02%. This is a positive change from Duke Energy Corp’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, May 17th. Duke Energy Corp’s dividend payout ratio (DPR) is 82.61%.

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DUK has been the subject of several analyst reports. Vetr upgraded Duke Energy Corp from a “hold” rating to a “buy” rating and set a $80.10 price target for the company in a report on Monday, January 30th. Zacks Investment Research downgraded Duke Energy Corp from a “hold” rating to a “sell” rating in a report on Monday, February 13th. Barclays PLC restated a “neutral” rating on shares of Duke Energy Corp in a report on Sunday, February 19th. Royal Bank of Canada restated a “buy” rating and set a $86.00 price target on shares of Duke Energy Corp in a report on Friday, March 17th. Finally, Deutsche Bank AG raised their price target on Duke Energy Corp from $81.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Duke Energy Corp has a consensus rating of “Hold” and an average target price of $81.19.

In other news, Director Theodore F. Craver, Jr. bought 3,500 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of $83.73 per share, for a total transaction of $293,055.00. Following the completion of the transaction, the director now directly owns 5,706 shares in the company, valued at approximately $477,763.38. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Lynn J. Good sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $81.93, for a total value of $1,638,600.00. Following the completion of the transaction, the chairman now owns 176,394 shares in the company, valued at approximately $14,451,960.42. The disclosure for this sale can be found here. Insiders have sold 27,190 shares of company stock worth $2,230,113 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Duke Energy Corp 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.

12 Month Chart for NYSE:DUK

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