RNC Capital Management LLC purchased a new position in Duke Energy Corp. (NYSE:DUK) during the second quarter, Holdings Channel reports. The firm purchased 2,591 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Concorde Asset Management LLC raised its position in Duke Energy Corp. by 0.4% in the second quarter. Concorde Asset Management LLC now owns 2,538 shares of the company’s stock worth $217,000 after buying an additional 10 shares in the last quarter. Verus Financial Partners Inc. raised its position in Duke Energy Corp. by 0.3% in the second quarter. Verus Financial Partners Inc. now owns 3,718 shares of the company’s stock worth $319,000 after buying an additional 11 shares in the last quarter. BKD Wealth Advisors LLC raised its position in Duke Energy Corp. by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 3,338 shares of the company’s stock worth $286,000 after buying an additional 14 shares in the last quarter. Parasol Investment Management LLC raised its position in Duke Energy Corp. by 2.8% in the second quarter. Parasol Investment Management LLC now owns 1,815 shares of the company’s stock worth $156,000 after buying an additional 50 shares in the last quarter. Finally, Lodestar Investment Counsel LLC IL raised its position in Duke Energy Corp. by 1.8% in the second quarter. Lodestar Investment Counsel LLC IL now owns 3,061 shares of the company’s stock worth $263,000 after buying an additional 53 shares in the last quarter. 56.77% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Corp. (NYSE:DUK) traded up 0.70% on Friday, reaching $79.61. 5,058,225 shares of the company’s stock traded hands. The firm has a market cap of $54.85 billion, a PE ratio of 21.04 and a beta of 0.06. The firm’s 50-day moving average is $82.29 and its 200 day moving average is $80.84. Duke Energy Corp. has a 12 month low of $65.50 and a 12 month high of $87.31.

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. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the business posted $0.95 earnings per share. Equities analysts predict that Duke Energy Corp. will post $4.59 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 12th were given a dividend of $0.855 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This is a boost from Duke Energy Corp.’s previous quarterly dividend of $0.83. This represents a $3.42 annualized dividend and a dividend yield of 4.30%. Duke Energy Corp.’s dividend payout ratio is currently 90.24%.

A number of equities analysts recently commented on the stock. SunTrust Banks Inc. lowered their price target on shares of Duke Energy Corp. from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, September 12th. Mizuho raised their target price on shares of Duke Energy Corp. from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Argus reissued a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, July 26th. Scotiabank reissued a “sector perform” rating and issued a $88.00 target price (up from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. Finally, Zacks Investment Research raised shares of 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $79.91.

In other news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the sale, the executive vice president now directly owns 50,609 shares in the company, valued at $4,280,509.22. The sale was disclosed in a document filed with the SEC, which is available at this link. 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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