Duke Energy Corporation (DUK) Holdings Lifted by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its position in Duke Energy Corporation (NYSE:DUK) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,069,207 shares of the utilities provider’s stock after buying an additional 51,707 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.30% of Duke Energy Corporation worth $172,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DUK. BlackRock Inc. lifted 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 worth $3,502,557,000 after purchasing an additional 41,268,968 shares in the last quarter. Norinchukin Bank The lifted its position in shares of Duke Energy Corporation by 5.9% in the first quarter. Norinchukin Bank The now owns 81,297 shares of the utilities provider’s stock worth $6,667,000 after purchasing an additional 4,531 shares in the last quarter. IBM Retirement Fund lifted its position in shares of Duke Energy Corporation by 122.4% in the second quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock worth $1,601,000 after purchasing an additional 9,432 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Duke Energy Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock worth $3,628,000 after purchasing an additional 400 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its position in shares of Duke Energy Corporation by 2.0% in the second quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock worth $448,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 56.22% of the company’s stock.

A number of analysts have recently issued reports 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 Tuesday, September 12th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a research report on Wednesday, October 4th. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Morgan Stanley increased their price target on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $87.00 price objective on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $83.31.

Duke Energy Corporation (DUK) opened at 85.79 on Wednesday. The company has a market cap of $60.05 billion, a price-to-earnings ratio of 25.41 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 stock has a 50 day moving average of $86.05 and a 200-day moving average of $84.74.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. On average, analysts forecast that Duke Energy Corporation will post $4.60 EPS for the current year.

In other news, EVP Douglas F. Esamann sold 5,000 shares of the company’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 owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.07% of the company’s stock.

WARNING: This piece was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/10/11/duke-energy-corporation-duk-holdings-lifted-by-sumitomo-mitsui-trust-holdings-inc.html.

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.

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK).

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

Receive News & Ratings for Duke Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply