First Financial Bank Trust Division grew its position in Duke Energy Corporation (NYSE:DUK) by 23.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,481 shares of the utilities provider’s stock after acquiring an additional 1,970 shares during the period. First Financial Bank Trust Division’s holdings in Duke Energy Corporation were worth $876,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DUK. Livingston Group Asset Management CO operating as Southport Capital Management grew its position in shares of Duke Energy Corporation by 90.5% in the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 19,429 shares of the utilities provider’s stock valued at $1,593,000 after acquiring an additional 9,231 shares during the period. Penobscot Investment Management Company Inc. bought a new position in shares of Duke Energy Corporation in the 1st quarter valued at about $207,000. Bartlett & Co. LLC grew its position in shares of Duke Energy Corporation by 2.7% in the 1st quarter. Bartlett & Co. LLC now owns 335,344 shares of the utilities provider’s stock valued at $27,502,000 after acquiring an additional 8,868 shares during the period. Park Avenue Securities LLC grew its position in shares of Duke Energy Corporation by 27.9% in the 1st quarter. Park Avenue Securities LLC now owns 5,736 shares of the utilities provider’s stock valued at $472,000 after acquiring an additional 1,251 shares during the period. Finally, Shell Asset Management Co. grew its position in shares of Duke Energy Corporation by 11.2% in the 1st quarter. Shell Asset Management Co. now owns 256,380 shares of the utilities provider’s stock valued at $21,026,000 after acquiring an additional 25,872 shares during the period. 56.22% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. 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. Morgan Stanley lifted their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday. KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $84.00 price objective (up previously from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $83.11.

In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the 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 directly owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by company insiders.

Shares of Duke Energy Corporation (DUK) traded up 0.28% during mid-day trading on Monday, reaching $88.03. 711,263 shares of the company’s stock traded hands. The firm has a 50-day moving average of $86.31 and a 200 day moving average of $84.16. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.13. The company has a market cap of $61.62 billion, a P/E ratio of 26.08 and a beta of 0.25.

Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. The business 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%. Duke Energy Corporation’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $1.07 earnings per share. Equities analysts forecast that Duke Energy Corporation will post $4.60 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be given a dividend of $0.89 per share. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 105.64%.

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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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