Principal Financial Group Inc. increased its stake in Duke Energy Corporation (NYSE:DUK) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,005,566 shares of the utilities provider’s stock after buying an additional 12,679 shares during the quarter. Principal Financial Group Inc. owned about 0.14% of Duke Energy Corporation worth $84,055,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Winfield Associates Inc. grew its stake in shares of Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after buying an additional 165 shares in the last quarter. Jolley Asset Management LLC grew its stake in shares of 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 valued at $125,000 after buying an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new stake in shares of Duke Energy Corporation in the second quarter valued at about $130,000. Advantage Investment Management LLC grew its stake in shares of 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 valued at $139,000 after buying an additional 462 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its stake in shares of Duke Energy Corporation by 104.1% in the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after buying an additional 1,010 shares in the last quarter. Institutional investors and hedge funds own 56.21% of the company’s stock.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.
Shares of Duke Energy Corporation (NYSE DUK) opened at 87.51 on Wednesday. The firm has a market cap of $61.25 billion, a price-to-earnings ratio of 25.92 and a beta of 0.24. The firm’s 50-day moving average price is $86.01 and its 200-day moving average price is $84.83. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $88.40.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analyst estimates of $5.76 billion. During the same period in the previous year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts expect that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
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A number of equities research analysts have recently issued reports on the company. Morgan Stanley increased their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $88.00 target price on shares of Duke Energy Corporation in a research note on Thursday, October 12th. BMO Capital Markets reiterated a “hold” rating and issued a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Finally, J P Morgan Chase & Co increased their target price on Duke Energy Corporation from $83.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $84.71.
About Duke Energy Corporation
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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