Duke Energy Corporation (NYSE:DUK) EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was 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 approximately $4,338,245.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Duke Energy Corporation (DUK) traded up 0.89% during midday trading on Tuesday, reaching $86.89. The company’s stock had a trading volume of 1,876,288 shares. The firm has a 50 day moving average price of $84.79 and a 200 day moving average price of $82.99. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The firm has a market capitalization of $60.82 billion, a PE ratio of 25.74 and a beta of 0.24.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Duke Energy Corporation will post $4.60 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.10%. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio is 101.48%.

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A number of hedge funds have recently made changes to their positions in DUK. Verition Fund Management LLC bought a new stake in shares of Duke Energy Corporation during the second quarter worth $10,632,000. National Asset Management Inc. boosted its stake in shares of Duke Energy Corporation by 2.9% in the second quarter. National Asset Management Inc. now owns 12,920 shares of the utilities provider’s stock worth $1,080,000 after buying an additional 365 shares during the period. Piedmont Investment Advisors LLC boosted its stake in shares of Duke Energy Corporation by 2.3% in the second quarter. Piedmont Investment Advisors LLC now owns 149,845 shares of the utilities provider’s stock worth $12,526,000 after buying an additional 3,403 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Duke Energy Corporation by 1.2% in the second quarter. Sterling Capital Management LLC now owns 56,919 shares of the utilities provider’s stock worth $4,758,000 after buying an additional 651 shares during the period. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Duke Energy Corporation during the second quarter worth $181,000. Hedge funds and other institutional investors own 55.41% of the company’s stock.

A number of research firms have recently weighed in on DUK. BMO Capital Markets reissued a “hold” rating and set a $81.00 price target on shares of Duke Energy Corporation in a research report on Friday, April 28th. BidaskClub raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC reissued an “equal weight” rating and set a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corporation in a research report on Sunday, April 23rd. Zacks Investment Research raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $84.00 price target (up previously from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $82.71.

Duke Energy Corporation Company 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.

Insider Buying and Selling by Quarter for Duke Energy Corporation (NYSE:DUK)

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