Duke Energy Corp (NYSE:DUK) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in Duke Energy Corp (NYSE:DUK) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,515,339 shares of the utilities provider’s stock after buying an additional 160,990 shares during the period. First Trust Advisors LP owned 0.21% of Duke Energy worth $145,260,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Duke Energy by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock valued at $5,286,827,000 after buying an additional 1,102,963 shares during the period. BlackRock Inc. raised its holdings in shares of Duke Energy by 1.8% during the 2nd quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock valued at $4,450,250,000 after buying an additional 888,787 shares during the period. Invesco Ltd. raised its holdings in shares of Duke Energy by 43.9% during the 2nd quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock valued at $1,033,443,000 after buying an additional 3,574,870 shares during the period. Northern Trust Corp raised its holdings in shares of Duke Energy by 6.1% during the 2nd quarter. Northern Trust Corp now owns 9,852,985 shares of the utilities provider’s stock valued at $869,427,000 after buying an additional 566,287 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Duke Energy by 3.2% during the 2nd quarter. Renaissance Technologies LLC now owns 8,419,329 shares of the utilities provider’s stock valued at $742,922,000 after buying an additional 263,100 shares during the period. 60.32% of the stock is currently owned by hedge funds and other institutional investors.

In other Duke Energy news, EVP Douglas F. Esamann sold 4,430 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $92.44, for a total transaction of $409,509.20. Following the completion of the sale, the executive vice president now owns 64,722 shares in the company, valued at approximately $5,982,901.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $91.05, for a total value of $154,785.00. Following the sale, the senior vice president now owns 4,891 shares of the company’s stock, valued at approximately $445,325.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,802 shares of company stock valued at $2,443,654. 0.09% of the stock is owned by insiders.

NYSE DUK traded down $2.63 during mid-day trading on Friday, reaching $89.95. 6,146,153 shares of the company’s stock traded hands, compared to its average volume of 3,026,935. Duke Energy Corp has a 1-year low of $82.46 and a 1-year high of $97.37. The company has a fifty day simple moving average of $95.31 and a 200-day simple moving average of $90.74. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. The company has a market cap of $67.87 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 3.84 and a beta of 0.07.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Friday, November 8th. The utilities provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.10. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The firm had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the firm earned $1.65 EPS. Duke Energy’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Duke Energy Corp will post 4.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.945 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.78 dividend on an annualized basis and a yield of 4.20%. Duke Energy’s dividend payout ratio (DPR) is presently 80.08%.

Several brokerages recently commented on DUK. Citigroup dropped their target price on Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. raised their target price on Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Credit Suisse Group raised their target price on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Morgan Stanley raised their target price on Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, SunTrust Banks set a $96.00 target price on Duke Energy and gave the company a “hold” rating in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $95.00.

Duke Energy Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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

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