IBM Retirement Fund raised its stake in shares of Duke Energy Corporation (NYSE:DUK) by 122.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,136 shares of the utilities provider’s stock after purchasing an additional 9,432 shares during the period. IBM Retirement Fund’s holdings in Duke Energy Corporation were worth $1,601,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DUK. Glen Harbor Capital Management LLC raised its position in Duke Energy Corporation by 30.9% during the 1st quarter. Glen Harbor Capital Management LLC now owns 9,888 shares of the utilities provider’s stock worth $811,000 after purchasing an additional 2,336 shares during the last quarter. Mycio Wealth Partners LLC raised its position in shares of Duke Energy Corporation by 19.2% in the 1st quarter. Mycio Wealth Partners LLC now owns 10,337 shares of the utilities provider’s stock worth $848,000 after acquiring an additional 1,665 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in shares of Duke Energy Corporation by 4.6% in the 1st quarter. Dubuque Bank & Trust Co. now owns 1,900 shares of the utilities provider’s stock worth $156,000 after acquiring an additional 83 shares in the last quarter. Delta Asset Management LLC TN raised its position in shares of Duke Energy Corporation by 0.4% in the 1st quarter. Delta Asset Management LLC TN now owns 82,773 shares of the utilities provider’s stock worth $6,788,000 after acquiring an additional 330 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in shares of Duke Energy Corporation by 11.6% in the 1st quarter. Duncker Streett & Co. Inc. now owns 10,033 shares of the utilities provider’s stock worth $823,000 after acquiring an additional 1,045 shares in the last quarter. 56.22% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have recently weighed in on DUK shares. Zacks Investment Research lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. BidaskClub raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $82.00 to $85.00 in a research report on Monday, June 26th. Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 price objective on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Finally, KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.91.

Shares of Duke Energy Corporation (NYSE DUK) opened at 86.99 on Thursday. The firm has a market capitalization of $60.89 billion, a P/E ratio of 25.77 and a beta of 0.25. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.95. The stock has a 50 day moving average price of $86.11 and a 200 day moving average price of $84.04.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $1.07 EPS. Analysts forecast that Duke Energy Corporation will post $4.60 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.09%. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 105.64%.

In other news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is owned by company insiders.

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.

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

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