The Manufacturers Life Insurance Company Reduces Stake in Duke Energy Corporation (DUK)

The Manufacturers Life Insurance Company decreased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,403,301 shares of the utilities provider’s stock after selling 29,266 shares during the quarter. The Manufacturers Life Insurance Company owned 0.20% of Duke Energy Corporation worth $117,302,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of DUK. Pinebridge Investments L.P. bought a new stake in Duke Energy Corporation in the second quarter valued at about $500,000. Trust Co. of Virginia VA increased its stake in Duke Energy Corporation by 11.5% in the second quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock valued at $1,129,000 after acquiring an additional 1,392 shares during the period. BlackRock Inc. increased its stake in 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 valued at $3,502,557,000 after acquiring an additional 41,268,968 shares during the period. IBM Retirement Fund increased its stake in Duke Energy Corporation by 122.4% in the second quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after acquiring an additional 9,432 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in 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 valued at $3,628,000 after acquiring an additional 400 shares during the period. Institutional investors own 56.29% of the company’s stock.

Duke Energy Corporation (DUK) opened at $89.21 on Friday. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $91.80. The stock has a market cap of $63,403.79, a P/E ratio of 20.35, a PEG ratio of 4.96 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71.

Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the business earned $1.68 earnings per share. Duke Energy Corporation’s quarterly revenue was down 1.4% on a year-over-year basis. research analysts anticipate that Duke Energy Corporation will post 4.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 3.99%. Duke Energy Corporation’s payout ratio is 117.49%.

A number of analysts recently weighed in on DUK shares. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. BidaskClub upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley boosted their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $86.90.

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In other news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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.

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

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