Wayne Hummer Investments L.L.C. bought a new stake in Duke Energy Corporation (NYSE:DUK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,053 shares of the utilities provider’s stock, valued at approximately $332,000.

Several other large investors have also recently bought and sold shares of DUK. Wells Fargo & Company MN raised its stake in Duke Energy Corporation by 22.0% in the first quarter. Wells Fargo & Company MN now owns 3,640,404 shares of the utilities provider’s stock valued at $298,551,000 after buying an additional 656,042 shares during the last quarter. Swiss National Bank raised its stake in Duke Energy Corporation by 21.9% in the first quarter. Swiss National Bank now owns 3,093,691 shares of the utilities provider’s stock valued at $253,714,000 after buying an additional 555,000 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Duke Energy Corporation by 11.1% in the first quarter. UBS Asset Management Americas Inc. now owns 2,984,715 shares of the utilities provider’s stock valued at $244,776,000 after buying an additional 297,467 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Duke Energy Corporation by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,017,500 shares of the utilities provider’s stock valued at $165,455,000 after buying an additional 5,834 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Duke Energy Corporation by 4.4% in the first quarter. Ameriprise Financial Inc. now owns 1,957,972 shares of the utilities provider’s stock valued at $160,570,000 after buying an additional 82,805 shares during the last quarter. 55.41% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Corporation (NYSE:DUK) traded up 0.59% on Friday, reaching $86.38. 2,853,827 shares of the company’s stock were exchanged. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.75. The firm has a 50 day moving average of $84.90 and a 200-day moving average of $83.17. The company has a market cap of $60.46 billion, a P/E ratio of 25.59 and a beta of 0.24.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts expect that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be paid a dividend of $0.89 per share. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.12%. Duke Energy Corporation’s dividend payout ratio is presently 105.64%.

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DUK has been the topic of several recent analyst reports. BMO Capital Markets reissued a “hold” rating and set a $85.00 target price on shares of Duke Energy Corporation in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. BidaskClub lowered shares of Duke Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating and set a $87.00 target price (down from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $82.71.

In related news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

Duke Energy Corporation 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 Corporation (NYSE:DUK)

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