Duke Energy Corp (DUK) Shares Bought by BlackRock Advisors LLC
BlackRock Advisors LLC boosted its position in shares of Duke Energy Corp (NYSE:DUK) by 9.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 617,132 shares of the company’s stock after buying an additional 54,598 shares during the period. BlackRock Advisors LLC owned about 0.09% of Duke Energy Corp worth $52,944,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of DUK. State Street Corp increased its stake in shares of Duke Energy Corp by 7.1% in the first quarter. State Street Corp now owns 33,751,418 shares of the company’s stock worth $2,723,058,000 after buying an additional 2,230,071 shares during the period. Vanguard Group Inc. increased its stake in shares of Duke Energy Corp by 3.4% in the second quarter. Vanguard Group Inc. now owns 44,722,836 shares of the company’s stock worth $3,836,772,000 after buying an additional 1,482,476 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Duke Energy Corp during the second quarter worth $106,672,000. BlackRock Fund Advisors increased its stake in shares of Duke Energy Corp by 12.7% in the first quarter. BlackRock Fund Advisors now owns 10,906,718 shares of the company’s stock worth $879,954,000 after buying an additional 1,229,979 shares during the period. Finally, Bank of Montreal Can purchased a new stake in shares of Duke Energy Corp during the second quarter worth $73,310,000. Institutional investors and hedge funds own 56.56% of the company’s stock.
Shares of Duke Energy Corp (NYSE:DUK) opened at 81.90 on Thursday. The stock has a market capitalization of $56.42 billion, a P/E ratio of 21.65 and a beta of 0.06. The stock’s 50 day moving average price is $81.36 and its 200 day moving average price is $81.04. Duke Energy Corp has a one year low of $65.50 and a one year high of $87.75.
Duke Energy Corp (NYSE:DUK) last posted its earnings results on Thursday, August 4th. The company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The business earned $5.10 billion during the quarter, compared to the consensus estimate of $5.71 billion. Duke Energy Corp had a return on equity of 7.85% and a net margin of 11.39%. During the same quarter last year, the company earned $0.95 EPS. On average, analysts forecast that Duke Energy Corp will post $4.59 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 12th were given a dividend of $0.855 per share. This represents a $3.42 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Wednesday, August 10th. This is an increase from Duke Energy Corp’s previous quarterly dividend of $0.83. Duke Energy Corp’s dividend payout ratio (DPR) is 90.24%.
A number of brokerages recently commented on DUK. Scotiabank restated a “sector perform” rating and set a $88.00 price objective (up from $78.00) on shares of Duke Energy Corp in a research note on Wednesday, August 10th. Citigroup Inc. upped their price objective on Duke Energy Corp from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 20th. Mizuho restated a “neutral” rating and set a $75.00 price objective on shares of Duke Energy Corp in a research note on Thursday, June 30th. Zacks Investment Research downgraded Duke Energy Corp from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Finally, SunTrust Banks Inc. lowered their price objective on Duke Energy Corp from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Duke Energy Corp currently has an average rating of “Hold” and an average target price of $79.91.
In related news, EVP Douglas F. Esamann sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the transaction, the executive vice president now owns 50,609 shares in the company, valued at approximately $4,280,509.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.08% of the company’s stock.
About Duke Energy Corp
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).
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