First Midwest Bank Trust Division lowered its position in Duke Energy Corp. (NYSE:DUK) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,155 shares of the company’s stock after selling 468 shares during the period. First Midwest Bank Trust Division’s holdings in Duke Energy Corp. were worth $1,386,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in Duke Energy Corp. by 7.1% in the first quarter. State Street Corp now owns 33,751,418 shares of the company’s stock worth $2,723,058,000 after buying an additional 2,230,071 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Duke Energy Corp. by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 18,587,523 shares of the company’s stock worth $1,499,641,000 after buying an additional 69,871 shares in the last quarter. BlackRock Fund Advisors increased its position in Duke Energy Corp. by 12.7% in the first quarter. BlackRock Fund Advisors now owns 10,906,718 shares of the company’s stock worth $879,954,000 after buying an additional 1,229,979 shares during the last quarter. Geode Capital Management LLC increased its position in Duke Energy Corp. by 4.9% in the first quarter. Geode Capital Management LLC now owns 5,869,684 shares of the company’s stock worth $472,652,000 after buying an additional 271,750 shares during the last quarter. Finally, BlackRock Group LTD increased its position in Duke Energy Corp. by 1.1% in the first quarter. BlackRock Group LTD now owns 5,765,816 shares of the company’s stock worth $465,186,000 after buying an additional 65,018 shares during the last quarter. 56.56% of the stock is currently owned by institutional investors.
Duke Energy Corp. (NYSE:DUK) traded down 0.34% during mid-day trading on Friday, reaching $80.04. The company had a trading volume of 3,883,040 shares. The company’s 50-day moving average is $80.73 and its 200-day moving average is $81.22. The stock has a market capitalization of $55.14 billion, a PE ratio of 21.16 and a beta of 0.06. Duke Energy Corp. has a one year low of $65.50 and a one year high of $87.75.
Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. The firm earned $5.10 billion during the quarter, compared to analyst estimates of $5.71 billion. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. During the same period in the previous year, the company posted $0.95 EPS. Equities research analysts anticipate that Duke Energy Corp. will post $4.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 12th were issued a dividend of $0.855 per share. This is a positive change from Duke Energy Corp.’s previous quarterly dividend of $0.83. This represents a $3.42 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Wednesday, August 10th. Duke Energy Corp.’s payout ratio is currently 90.24%.
A number of research analysts recently issued reports on the company. SunTrust Banks Inc. increased their price objective on Duke Energy Corp. from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday. Zacks Investment Research upgraded Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Thursday, September 15th. Argus reiterated a “hold” rating on shares of Duke Energy Corp. in a report on Wednesday, September 14th. Scotiabank reiterated a “sector perform” rating and set a $88.00 price objective (up from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. Finally, Howard Weil increased their price objective on Duke Energy Corp. from $78.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $80.57.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the sale, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.
Duke Energy Corp. Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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