Duke Energy Corporation (DUK) Stake Maintained by B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund
B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund continued to hold its stake in Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 262,347 shares of the utilities provider’s stock at the end of the 2nd quarter. Duke Energy Corporation accounts for approximately 2.4% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s portfolio, making the stock its 8th largest position. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Duke Energy Corporation were worth $21,930,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in Duke Energy Corporation by 2,866.0% during 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 in the last quarter. Norinchukin Bank The raised its position in Duke Energy Corporation by 5.9% during the 1st quarter. Norinchukin Bank The now owns 81,297 shares of the utilities provider’s stock valued at $6,667,000 after purchasing an additional 4,531 shares in the last quarter. IBM Retirement Fund raised its position in Duke Energy Corporation by 122.4% during the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after purchasing an additional 9,432 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Duke Energy Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock valued at $3,628,000 after purchasing an additional 400 shares in the last quarter. Finally, Meridian Wealth Management LLC raised its position in Duke Energy Corporation by 2.0% during the 2nd quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock valued at $448,000 after purchasing an additional 104 shares in the last quarter. 56.22% of the stock is owned by institutional investors and hedge funds.
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Duke Energy Corporation (NYSE DUK) opened at 86.97 on Friday. The stock has a market capitalization of $60.87 billion, a P/E ratio of 25.76 and a beta of 0.24. The company’s 50-day moving average price is $86.05 and its 200 day moving average price is $84.77. 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 posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. Duke Energy Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 earnings per share. Equities research analysts expect that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.
A number of brokerages have weighed in on DUK. Zacks Investment Research lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $87.00 target price on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Morgan Stanley lifted their target price on Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $84.18.
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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