Exencial Wealth Advisors LLC purchased a new stake in shares of Duke Energy Corp (NYSE:DUK) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,384 shares of the utilities provider’s stock, valued at approximately $284,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinebridge Investments L.P. purchased a new stake in shares of Duke Energy during the 2nd quarter valued at about $500,000. Trust Co. of Virginia VA boosted its holdings in shares of Duke Energy by 11.5% during the 2nd 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 last quarter. BlackRock Inc. boosted its holdings in shares of Duke Energy by 2,866.0% during the 1st 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 last quarter. IBM Retirement Fund boosted its holdings in shares of Duke Energy by 122.4% during the 2nd 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 last quarter. Finally, Meridian Wealth Management LLC boosted its holdings in shares of Duke Energy by 2.0% during the 2nd quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock valued at $448,000 after acquiring an additional 104 shares during the last quarter. 57.34% of the stock is currently owned by hedge funds and other institutional investors.

In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on DUK shares. BidaskClub raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research raised shares of Duke Energy from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Friday, September 15th. Royal Bank of Canada reissued a “buy” rating and issued a $87.00 price objective on shares of Duke Energy in a report on Tuesday, August 29th. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, Morgan Stanley raised their price objective on shares of Duke Energy from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.21.

Duke Energy Corp (DUK) opened at $87.84 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The stock has a market cap of $61,289.86, a P/E ratio of 19.68, a P/E/G ratio of 4.79 and a beta of 0.26. Duke Energy Corp has a 1-year low of $75.78 and a 1-year high of $91.80.

Duke Energy (NYSE:DUK) last released its earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Duke Energy 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 analysts’ expectations of $7.43 billion. During the same quarter last year, the business earned $1.68 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. analysts expect that Duke Energy Corp will post 4.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Thursday, November 16th. Duke Energy’s payout ratio is 117.49%.

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About Duke Energy

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.

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

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