Ajo LP maintained its position in shares of Duke Energy Corp. (NYSE:DUK) during the second quarter, Holdings Channel reports. The fund owned 17,233 shares of the company’s stock at the end of the second quarter. Ajo LP’s holdings in Duke Energy Corp. were worth $1,478,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Iberiabank Corp increased its position in shares of Duke Energy Corp. by 1.3% in the first quarter. Iberiabank Corp now owns 45,986 shares of the company’s stock valued at $3,710,000 after buying an additional 572 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of Duke Energy Corp. by 1.6% in the first quarter. Capital Investment Advisors LLC now owns 44,644 shares of the company’s stock valued at $3,602,000 after buying an additional 706 shares during the last quarter. Burke & Herbert Bank & Trust Co. increased its position in shares of Duke Energy Corp. by 18.2% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 3,643 shares of the company’s stock valued at $294,000 after buying an additional 562 shares during the last quarter. TNB Financial increased its position in shares of Duke Energy Corp. by 175.7% in the first quarter. TNB Financial now owns 109,749 shares of the company’s stock valued at $8,855,000 after buying an additional 69,936 shares during the last quarter. Finally, Spirit of America Management Corp NY bought a new position in shares of Duke Energy Corp. during the first quarter valued at approximately $269,000. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Corp. (NYSE:DUK) traded down 0.01% during trading on Tuesday, hitting $80.45. The stock had a trading volume of 810,336 shares. The stock’s 50-day moving average price is $81.62 and its 200-day moving average price is $81.00. Duke Energy Corp. has a 1-year low of $65.50 and a 1-year high of $87.75. The company has a market capitalization of $55.42 billion, a P/E ratio of 21.27 and a beta of 0.06.

Duke Energy Corp. (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The company earned $5.10 billion during the quarter, compared to the consensus estimate of $5.71 billion. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. During the same quarter last year, the firm earned $0.95 earnings per share. Analysts expect that Duke Energy Corp. will post $4.59 earnings per share for the current year.

The company also recently declared 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. The ex-dividend date was Wednesday, August 10th. This represents a $3.42 annualized dividend and a dividend yield of 4.25%. 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%.

Several research analysts have commented on the company. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, July 26th. Zacks Investment Research raised Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Tuesday, July 12th. Mizuho reaffirmed a “neutral” rating and set a $75.00 target price on shares of Duke Energy Corp. in a report on Thursday, June 30th. Citigroup Inc. lifted their target price on Duke Energy Corp. from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $88.00 target price (up from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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 shares were sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the sale, the executive vice president now owns 50,609 shares of the company’s stock, valued at $4,280,509.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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