Federated Investors Inc. PA raised its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,473,847 shares of the utilities provider’s stock after acquiring an additional 141,551 shares during the period. Duke Energy Corporation makes up 2.3% of Federated Investors Inc. PA’s holdings, making the stock its 8th biggest holding. Federated Investors Inc. PA owned approximately 1.35% of Duke Energy Corporation worth $791,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Duke Energy Corporation by 2,866.0% during the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after acquiring an additional 41,268,968 shares during the last quarter. Norinchukin Bank The increased its position in shares of Duke Energy Corporation by 5.9% during the first quarter. Norinchukin Bank The now owns 81,297 shares of the utilities provider’s stock valued at $6,667,000 after acquiring an additional 4,531 shares during the last quarter. IBM Retirement Fund increased its position in shares of Duke Energy Corporation by 122.4% during the second quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after acquiring an additional 9,432 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Duke Energy Corporation by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock valued at $3,628,000 after acquiring an additional 400 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its position in shares of Duke Energy Corporation by 2.0% during the second quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock valued at $448,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 56.22% of the company’s stock.

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In other news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of 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 SEC, which is accessible through this link. 0.07% of the stock is owned by company insiders.

Duke Energy Corporation (DUK) opened at 84.64 on Monday. The company has a 50-day moving average of $86.12 and a 200-day moving average of $84.68. The stock has a market cap of $59.24 billion, a P/E ratio of 25.07 and a beta of 0.24. 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 issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the company earned $1.07 earnings per share. Duke Energy Corporation’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.

Several research analysts have recently commented on the stock. 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 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 raised their price objective 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 issued a $87.00 price objective on shares of Duke Energy Corporation in a research note 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 research note on Monday, July 10th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. Duke Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $83.31.

About Duke Energy Corporation

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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