First Quadrant L P CA Continues to Hold Position in Duke Energy Corporation (DUK)

First Quadrant L P CA held its stake in Duke Energy Corporation (NYSE:DUK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,466 shares of the utilities provider’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Duke Energy Corporation were worth $791,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DUK. Pinnacle Bank acquired a new stake in Duke Energy Corporation during the first quarter worth $104,000. Jolley Asset Management LLC increased its stake in Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after buying an additional 313 shares during the last quarter. North Star Investment Management Corp. increased its stake in Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new stake in Duke Energy Corporation during the second quarter worth $130,000. Finally, Advantage Investment Management LLC increased its stake in Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares during the last quarter. Institutional investors own 55.72% of the company’s stock.

Shares of Duke Energy Corporation (NYSE DUK) opened at 84.91 on Friday. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The firm’s 50 day moving average is $84.90 and its 200-day moving average is $82.25. The company has a market cap of $59.43 billion, a PE ratio of 27.08 and a beta of 0.24.

Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Duke Energy Corporation had a net margin of 9.17% and a return on equity of 7.87%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the company posted $1.13 EPS. Duke Energy Corporation’s revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Duke Energy Corporation will post $4.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be given a dividend of $0.89 per share. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is 109.27%.

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A number of research firms have recently weighed in on DUK. BMO Capital Markets reiterated a “hold” rating and issued a $81.00 price target on shares of Duke Energy Corporation in a research report on Friday, April 28th. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC reiterated an “equal weight” rating and issued a $88.00 price target (up 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 note on Tuesday, June 13th. Finally, Deutsche Bank AG lifted their price objective on shares of Duke Energy Corporation from $81.00 to $83.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Duke Energy Corporation presently has a consensus rating of “Hold” and a consensus price target of $82.23.

In other Duke Energy Corporation news, Director E Marie Mckee sold 1,937 shares of Duke Energy Corporation stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John H. Forsgren sold 2,190 shares of Duke Energy Corporation stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $82.86, for a total transaction of $181,463.40. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.

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.

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