Gulf International Bank UK Ltd boosted its position in Duke Energy Corp. (NYSE:DUK) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 209,108 shares of the company’s stock after buying an additional 1,500 shares during the period. Gulf International Bank UK Ltd’s holdings in Duke Energy Corp. were worth $16,737,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Panagora Asset Management Inc. raised its stake in shares of Duke Energy Corp. by 0.4% in the first quarter. Panagora Asset Management Inc. now owns 59,847 shares of the company’s stock worth $4,828,000 after buying an additional 217 shares during the last quarter. Babson Capital Management LLC raised its stake in shares of Duke Energy Corp. by 60.6% in the first quarter. Babson Capital Management LLC now owns 16,690 shares of the company’s stock worth $1,347,000 after buying an additional 6,300 shares during the last quarter. Iowa State Bank raised its stake in shares of Duke Energy Corp. by 4.1% in the second quarter. Iowa State Bank now owns 38,782 shares of the company’s stock worth $3,327,000 after buying an additional 1,525 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Duke Energy Corp. by 4.4% in the second quarter. Fulton Bank N.A. now owns 43,713 shares of the company’s stock worth $3,751,000 after buying an additional 1,824 shares during the last quarter. Finally, Boltwood Capital Management raised its stake in shares of Duke Energy Corp. by 3.2% in the second quarter. Boltwood Capital Management now owns 7,320 shares of the company’s stock worth $628,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 56.16% of the company’s stock.

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

Shares of Duke Energy Corp. (NYSE:DUK) traded down 2.84% on Wednesday, hitting $74.20. The stock had a trading volume of 1,859,011 shares. Duke Energy Corp. has a one year low of $65.50 and a one year high of $87.75. The company has a market cap of $51.12 billion, a price-to-earnings ratio of 17.95 and a beta of 0.13. The firm’s 50-day moving average is $76.86 and its 200-day moving average is $80.54.

Duke Energy Corp. (NYSE:DUK) last announced its quarterly earnings data on Friday, November 4th. The company reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.10. Duke Energy Corp. had a net margin of 12.27% and a return on equity of 8.20%. The company had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the firm posted $1.47 EPS. Duke Energy Corp.’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts expect that Duke Energy Corp. will post $4.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 18th will be issued a dividend of $0.855 per share. This represents a $3.42 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Wednesday, November 16th. Duke Energy Corp.’s payout ratio is presently 82.61%.

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DUK has been the topic of a number of research analyst reports. Citigroup Inc. dropped their price target on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. Bank of America Corp. lowered Duke Energy Corp. from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $78.00 to $69.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Zacks Investment Research lowered Duke Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Argus reiterated a “hold” rating on shares of Duke Energy Corp. in a research report on Tuesday, October 4th. Finally, Mizuho upped their target price on Duke Energy Corp. from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Duke Energy Corp. currently has an average rating of “Hold” and a consensus price target of $79.73.

In related news, Director John H. Forsgren purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of $77.80 per share, with a total value of $77,800.00. Following the acquisition, the director now directly owns 1,165 shares in the company, valued at approximately $90,637. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Frank H. Yoho purchased 14,850 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were bought at an average cost of $74.00 per share, for a total transaction of $1,098,900.00. Following the acquisition, the executive vice president now owns 23,687 shares in the company, valued at $1,752,838. The disclosure for this purchase can be found here. Insiders own 0.08% of the company’s stock.

Duke Energy Corp. Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).

5 Day Chart for NYSE:DUK

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