IFP Advisors Inc trimmed its position in Duke Energy Corporation (NYSE:DUK) by 4.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,735 shares of the utilities provider’s stock after selling 6,117 shares during the period. IFP Advisors Inc’s holdings in Duke Energy Corporation were worth $11,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Winfield Associates Inc. lifted its position in Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 165 shares during the period. Jolley Asset Management LLC increased its holdings in shares of Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. bought a new position in shares of Duke Energy Corporation in the second quarter valued at $130,000. North Star Investment Management Corp. increased its holdings in shares of Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock valued at $127,000 after buying an additional 322 shares in the last quarter. Finally, Advantage Investment Management LLC increased its holdings in shares of Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after buying an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 56.22% of the company’s stock.

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Shares of Duke Energy Corporation (NYSE:DUK) opened at 84.25 on Friday. The firm’s 50-day moving average is $86.74 and its 200-day moving average is $84.41. The company has a market capitalization of $58.97 billion, a PE ratio of 24.96 and a beta of 0.25. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40.

Duke Energy Corporation (NYSE:DUK) last issued 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 firm had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the business earned $1.07 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 18th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was 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 dividend yield of 4.23%. Duke Energy Corporation’s payout ratio is currently 105.64%.

Several analysts have issued reports on DUK shares. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday, July 21st. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note 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 target price for the company from $82.00 to $85.00 in a research note on Monday, June 26th. Royal Bank Of Canada reissued a “buy” rating and set a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Finally, 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. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $83.18.

In other news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction dated 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 approximately $4,338,245.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is owned by insiders.

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.

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

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