Richard Bernstein Advisors LLC cut its stake in shares of Duke Energy Corporation (NYSE:DUK) by 75.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,189 shares of the utilities provider’s stock after selling 22,627 shares during the period. Richard Bernstein Advisors LLC’s holdings in Duke Energy Corporation were worth $601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Financial Advisory Service Inc. increased its position in shares of Duke Energy Corporation by 0.3% during the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock valued at $562,000 after acquiring an additional 17 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of Duke Energy Corporation by 0.7% during the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 18 shares during the last quarter. Accredited Investors Inc. increased its position in shares of Duke Energy Corporation by 0.7% during the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 19 shares during the last quarter. Hayek Kallen Investment Management increased its position in shares of Duke Energy Corporation by 0.5% during the first quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 19 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its position in shares of Duke Energy Corporation by 0.3% during the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock valued at $594,000 after acquiring an additional 19 shares during the last quarter. Institutional investors and hedge funds own 56.22% of the company’s stock.

A number of brokerages have weighed in on DUK. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Tuesday, July 11th. Morgan Stanley lifted their price target on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. BMO Capital Markets reiterated a “hold” rating and set a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 price target on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Duke Energy Corporation presently has a consensus rating of “Hold” and a consensus price target of $83.31.

In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the sale, the executive vice president now owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by company insiders.

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Duke Energy Corporation (NYSE:DUK) opened at 84.64 on Friday. The firm has a market cap of $59.24 billion, a PE ratio of 25.07 and a beta of 0.24. The firm’s 50-day moving average is $86.12 and its 200 day moving average is $84.68. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40.

Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the company earned $1.07 earnings per share. Duke Energy Corporation’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts predict that Duke Energy Corporation will post $4.60 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, August 18th were given a $0.89 dividend. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $3.56 annualized dividend and a yield of 4.21%. Duke Energy Corporation’s dividend payout ratio (DPR) is 105.64%.

Duke Energy Corporation 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 Corporation (NYSE:DUK)

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