Bank of New York Mellon Corp decreased its stake in Duke Energy Corp (NYSE:DUK) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,759,304 shares of the utilities provider’s stock after selling 26,170 shares during the quarter. Bank of New York Mellon Corp owned 0.82% of Duke Energy worth $455,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Ashfield Capital Partners LLC raised its holdings in shares of Duke Energy by 20.7% during the first quarter. Ashfield Capital Partners LLC now owns 13,412 shares of the utilities provider’s stock worth $1,039,000 after purchasing an additional 2,303 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Duke Energy by 3.2% during the first quarter. Wells Fargo & Company MN now owns 3,667,525 shares of the utilities provider’s stock worth $284,122,000 after purchasing an additional 114,386 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Duke Energy by 7.4% during the first quarter. Daiwa Securities Group Inc. now owns 32,635 shares of the utilities provider’s stock worth $2,528,000 after purchasing an additional 2,246 shares during the last quarter. D.B. Root & Company LLC raised its holdings in shares of Duke Energy by 20.4% during the first quarter. D.B. Root & Company LLC now owns 11,072 shares of the utilities provider’s stock worth $858,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Biondo Investment Advisors LLC raised its holdings in shares of Duke Energy by 5.8% during the first quarter. Biondo Investment Advisors LLC now owns 41,576 shares of the utilities provider’s stock worth $3,257,000 after purchasing an additional 2,266 shares during the last quarter. 58.20% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Melissa H. Anderson sold 500 shares of Duke Energy stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $81.76, for a total value of $40,880.00. Following the sale, the executive vice president now owns 15,096 shares in the company, valued at $1,234,248.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.

DUK has been the subject of several recent research reports. Howard Weil initiated coverage on shares of Duke Energy in a report on Tuesday, July 24th. They set a “sector outperform” rating and a $85.00 target price for the company. Morgan Stanley reduced their target price on shares of Duke Energy from $84.00 to $79.00 and set an “equal weight” rating for the company in a report on Wednesday, June 13th. Zacks Investment Research cut shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. JPMorgan Chase & Co. reduced their target price on shares of Duke Energy from $77.00 to $72.00 and set an “underweight” rating for the company in a report on Thursday, June 7th. Finally, ValuEngine cut shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Duke Energy has an average rating of “Hold” and a consensus price target of $83.63.

DUK stock opened at $80.94 on Tuesday. The firm has a market cap of $57.62 billion, a P/E ratio of 17.72, a PEG ratio of 3.69 and a beta of 0.10. The company has a current ratio of 0.66, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a one year low of $71.96 and a one year high of $91.80.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.08). The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.61 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 EPS. research analysts predict that Duke Energy Corp will post 4.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 17th will be given a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, August 16th. This is a positive change from Duke Energy’s previous quarterly dividend of $0.89. Duke Energy’s dividend payout ratio (DPR) is currently 77.90%.

Duke Energy Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Further Reading: Diversification

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

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