Aviva PLC boosted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 437,903 shares of the utilities provider’s stock after purchasing an additional 9,145 shares during the period. Aviva PLC owned about 0.06% of Duke Energy Corporation worth $36,609,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Winfield Associates Inc. lifted its position in Duke Energy Corporation by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 165 shares in the last quarter. Jolley Asset Management LLC lifted its position in Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. purchased a new position in Duke Energy Corporation during the second quarter valued at $130,000. Advantage Investment Management LLC lifted its position in Duke Energy Corporation by 37.4% during the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 462 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in Duke Energy Corporation by 84.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 848 shares in the last quarter. Institutional investors own 56.22% of the company’s stock.
Shares of Duke Energy Corporation (DUK) opened at 85.79 on Wednesday. The firm’s 50-day moving average price is $86.05 and its 200-day moving average price is $84.74. The company has a market capitalization of $60.05 billion, a PE ratio of 25.41 and a beta of 0.24. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the prior year, the company posted $1.07 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts expect that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the 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 approximately $4,338,245.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets reiterated a “hold” rating and set a $87.00 target price (up from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Morgan Stanley lifted their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Deutsche Bank AG reiterated a “hold” rating and set a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $83.31.
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Duke Energy Corporation 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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