Intrust Bank NA lowered its position in Duke Energy Corporation (NYSE:DUK) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,892 shares of the utilities provider’s stock after selling 155 shares during the quarter. Intrust Bank NA’s holdings in Duke Energy Corporation were worth $493,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Duke Energy Corporation by 4.1% in the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after acquiring an additional 1,918,598 shares during the last quarter. BlackRock Inc. raised its position in shares of Duke Energy Corporation by 2,866.0% in the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after purchasing an additional 41,268,968 shares during the period. State Street Corp raised its position in shares of Duke Energy Corporation by 1.3% in the first quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after purchasing an additional 451,100 shares during the period. Federated Investors Inc. PA raised its position in shares of Duke Energy Corporation by 1.5% in the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock valued at $791,919,000 after purchasing an additional 141,551 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Duke Energy Corporation by 33.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after purchasing an additional 2,345,114 shares during the period. Hedge funds and other institutional investors own 56.22% of the company’s stock.
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Several equities analysts have recently weighed in on DUK shares. Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Morgan Stanley increased their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $82.00 to $85.00 in a research report on Monday, June 26th. Finally, BidaskClub lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $84.18.
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 transaction of $431,100.00. Following the sale, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $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 owned by corporate insiders.
Duke Energy Corporation (NYSE:DUK) opened at 86.97 on Friday. The company has a market capitalization of $60.87 billion, a price-to-earnings ratio of 25.76 and a beta of 0.24. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.40. The company’s 50-day moving average is $86.05 and its 200-day moving average is $84.77.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The business had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, analysts expect that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
About Duke Energy Corporation
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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