Wells Fargo & Company MN increased its stake in Duke Energy Corp (NYSE:DUK) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,424,387 shares of the utilities provider’s stock after buying an additional 113,259 shares during the period. Wells Fargo & Company MN owned about 0.49% of Duke Energy worth $287,373,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. CWA Asset Management Group LLC increased its stake in Duke Energy by 13.7% during the first quarter. CWA Asset Management Group LLC now owns 47,770 shares of the utilities provider’s stock valued at $3,918,000 after purchasing an additional 5,745 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Duke Energy by 33.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after purchasing an additional 2,345,114 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in Duke Energy by 6.8% during the first quarter. Thrivent Financial For Lutherans now owns 27,619 shares of the utilities provider’s stock valued at $2,256,000 after purchasing an additional 1,760 shares during the last quarter. Foresters Investment Management Company Inc. increased its stake in Duke Energy by 2.7% during the first quarter. Foresters Investment Management Company Inc. now owns 45,900 shares of the utilities provider’s stock valued at $3,764,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in Duke Energy by 9.9% during the first quarter. Global X Management Co. LLC now owns 108,999 shares of the utilities provider’s stock valued at $8,939,000 after purchasing an additional 9,840 shares during the last quarter. Institutional investors and hedge funds own 57.24% of the company’s stock.

Several research firms have weighed in on DUK. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Bank of America reiterated a “neutral” rating and set a $92.00 target price on shares of Duke Energy in a research note on Tuesday, October 24th. SunTrust Banks reiterated a “hold” rating and set a $88.00 target price on shares of Duke Energy in a research note on Thursday, October 12th. Morgan Stanley boosted their price target on shares of Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $87.00 price target on shares of Duke Energy in a report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $87.21.

In related news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Duke Energy Corp (NYSE:DUK) opened at $84.49 on Thursday. Duke Energy Corp has a 1-year low of $76.14 and a 1-year high of $91.80. The stock has a market cap of $59,504.93, a price-to-earnings ratio of 19.10, a PEG ratio of 4.65 and a beta of 0.26. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. sell-side analysts expect that Duke Energy Corp will post 4.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Friday, November 17th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, November 16th. Duke Energy’s payout ratio is currently 117.49%.

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Duke Energy Company Profile

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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