Alerus Financial NA increased its stake in Duke Energy Corporation (NYSE:DUK) by 16.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,059 shares of the utilities provider’s stock after acquiring an additional 5,115 shares during the period. Alerus Financial NA’s holdings in Duke Energy Corporation were worth $3,014,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Advisory Service Inc. raised its stake in shares of Duke Energy Corporation by 0.3% in the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock valued at $562,000 after acquiring an additional 17 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of Duke Energy Corporation by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 18 shares in the last quarter. Accredited Investors Inc. raised its stake in shares of Duke Energy Corporation by 0.7% in the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 19 shares in the last quarter. Hayek Kallen Investment Management raised its stake in shares of Duke Energy Corporation by 0.5% in the first quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 19 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its stake in shares of Duke Energy Corporation by 0.3% in the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock valued at $594,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds own 56.21% of the company’s stock.

DUK has been the topic of a number of analyst reports. BMO Capital Markets restated a “hold” rating and issued a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Tuesday, July 11th. Morgan Stanley raised their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Citigroup Inc. raised their price target on Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday. Finally, Deutsche Bank AG restated a “hold” rating and issued a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $84.71.

In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the transaction, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

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Duke Energy Corporation (NYSE DUK) opened at 87.93 on Friday. The stock has a market cap of $61.55 billion, a price-to-earnings ratio of 26.05 and a beta of 0.24. The company’s 50 day moving average price is $86.07 and its 200-day moving average price is $84.98. 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 posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. Duke Energy Corporation’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts forecast that Duke Energy Corporation will post $4.59 EPS for the current year.

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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