Jarislowsky Fraser Ltd cut its holdings in shares of Duke Energy Corp (NYSE:DUK) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,022 shares of the utilities provider’s stock after selling 2,925 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Duke Energy were worth $15,191,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DUK. Sei Investments Co. boosted its holdings in Duke Energy by 26.4% in the 3rd quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock valued at $12,790,000 after purchasing an additional 31,789 shares during the last quarter. HL Financial Services LLC boosted its holdings in Duke Energy by 3.6% in the 3rd quarter. HL Financial Services LLC now owns 60,869 shares of the utilities provider’s stock valued at $5,108,000 after purchasing an additional 2,102 shares during the last quarter. FDx Advisors Inc. boosted its holdings in Duke Energy by 1.0% in the 3rd quarter. FDx Advisors Inc. now owns 121,981 shares of the utilities provider’s stock valued at $10,237,000 after purchasing an additional 1,176 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its holdings in Duke Energy by 2.8% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 116,490 shares of the utilities provider’s stock valued at $9,776,000 after purchasing an additional 3,120 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC boosted its holdings in Duke Energy by 2.1% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 42,083 shares of the utilities provider’s stock valued at $3,532,000 after purchasing an additional 872 shares during the last quarter. Hedge funds and other institutional investors own 57.34% of the company’s stock.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available through this link. Corporate insiders own 0.07% of the company’s stock.

Shares of Duke Energy Corp (NYSE:DUK) opened at $88.05 on Monday. Duke Energy Corp has a 52 week low of $74.61 and a 52 week high of $91.80. The firm has a market cap of $61,632.85, a P/E ratio of 19.79, a P/E/G ratio of 4.82 and a beta of 0.26. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the prior year, the firm earned $1.68 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. analysts predict that Duke Energy Corp will post 4.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Thursday, November 16th. Duke Energy’s dividend payout ratio is presently 117.49%.

DUK has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Citigroup boosted their target price on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. BidaskClub raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. KeyCorp reissued a “hold” rating on shares of Duke Energy in a research note on Friday, September 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 price target on shares of Duke Energy in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $86.90.

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About Duke Energy

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.

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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