Griffin Asset Management Inc. bought a new stake in Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 53,033 shares of the utilities provider’s stock, valued at approximately $4,433,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Financial Advisory Service Inc. grew its position in Duke Energy Corporation by 0.3% during the 2nd quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 17 shares during the last quarter. Valley National Advisers Inc. grew its position in Duke Energy Corporation by 0.7% during the 1st quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 18 shares during the last quarter. Hayek Kallen Investment Management grew its position in Duke Energy Corporation by 0.5% during the 1st quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock worth $325,000 after purchasing an additional 19 shares during the last quarter. Accredited Investors Inc. grew its position in Duke Energy Corporation by 0.7% during the 1st quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 19 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its position in Duke Energy Corporation by 0.3% during the 2nd quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock worth $594,000 after purchasing an additional 19 shares during the last quarter. 56.30% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is owned by company insiders.

DUK has been the topic of several research reports. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Citigroup Inc. raised their price objective on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a research report on Tuesday, October 17th. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Morgan Stanley raised their price objective on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Finally, KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.90.

Shares of Duke Energy Corporation (DUK) opened at $88.63 on Friday. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $91.80. The company has a market cap of $62,038.84, a price-to-earnings ratio of 19.92, a PEG ratio of 4.85 and a beta of 0.26. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17.

Duke Energy Corporation (NYSE:DUK) last released its earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter last year, the business earned $1.68 EPS. The business’s revenue was down 1.4% on a year-over-year basis. equities research analysts expect that Duke Energy Corporation will post 4.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is 117.49%.

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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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