Grove Bank & Trust raised its holdings in Duke Energy Corporation (NYSE:DUK) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,525 shares of the utilities provider’s stock after purchasing an additional 101 shares during the period. Grove Bank & Trust’s holdings in Duke Energy Corporation were worth $1,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DUK. BlackRock Inc. boosted its holdings in Duke Energy Corporation by 2,866.0% in the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after purchasing an additional 41,268,968 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Duke Energy Corporation by 33.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after purchasing an additional 2,345,114 shares during the period. Vanguard Group Inc. boosted its holdings in Duke Energy Corporation by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after purchasing an additional 1,918,598 shares during the period. FMR LLC boosted its holdings in Duke Energy Corporation by 30.6% in the 1st quarter. FMR LLC now owns 4,909,584 shares of the utilities provider’s stock valued at $402,635,000 after purchasing an additional 1,151,408 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Duke Energy Corporation by 191.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,602,472 shares of the utilities provider’s stock valued at $131,419,000 after purchasing an additional 1,053,262 shares during the period. 56.22% of the stock is owned by hedge funds and other institutional investors.

DUK has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Friday, July 21st. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $82.00 to $85.00 in a 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 report on Tuesday, August 29th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $87.00 price objective (down previously from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $83.18.

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In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation 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 completion of the sale, 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 SEC, which is available at the SEC website. Insiders own 0.07% of the company’s stock.

Duke Energy Corporation (NYSE DUK) opened at 87.30 on Friday. The company’s 50-day moving average is $86.68 and its 200-day moving average is $84.33. The firm has a market capitalization of $61.11 billion, a PE ratio of 25.86 and a beta of 0.25. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.40.

Duke Energy Corporation (NYSE:DUK) last announced its 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 business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the business posted $1.07 earnings per share. Duke Energy Corporation’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts forecast that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a yield of 4.08%. Duke Energy Corporation’s payout ratio is presently 105.64%.

Duke Energy Corporation 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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