Duke Energy Corporation (DUK) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. boosted its holdings in Duke Energy Corporation (NYSE:DUK) by 8.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,179 shares of the utilities provider’s stock after purchasing an additional 1,247 shares during the quarter. Pacer Advisors Inc.’s holdings in Duke Energy Corporation were worth $1,352,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in DUK. BlackRock Inc. boosted its holdings in Duke Energy Corporation by 2,866.0% in the first 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. Massachusetts Financial Services Co. MA boosted its holdings in Duke Energy Corporation by 33.1% in the first 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 in the last quarter. Vanguard Group Inc. boosted its holdings in Duke Energy Corporation by 4.1% in the first 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 in the last quarter. FMR LLC boosted its holdings in Duke Energy Corporation by 30.6% in the first 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 in the last quarter. Finally, Morgan Stanley boosted its holdings in Duke Energy Corporation by 25.1% in the first quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock valued at $402,605,000 after purchasing an additional 986,456 shares in the last quarter. 56.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Duke Energy Corporation (NYSE DUK) opened at 86.79 on Friday. The firm’s 50-day moving average price is $86.01 and its 200 day moving average price is $84.81. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40. The stock has a market capitalization of $60.75 billion, a P/E ratio of 25.71 and a beta of 0.24.
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 the consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts predict that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
A number of equities analysts recently issued reports on DUK shares. Zacks Investment Research downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $82.00 to $85.00 in a report on Monday, June 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $87.00 price target (down from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.18.
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In related 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 sale, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.
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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