CFO4Life Group LLC raised its stake in Duke Energy Corporation (NYSE:DUK) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,322 shares of the utilities provider’s stock after buying an additional 257 shares during the period. CFO4Life Group LLC’s holdings in Duke Energy Corporation were worth $361,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Duke Energy Corporation by 25.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 148,949 shares of the utilities provider’s stock worth $12,451,000 after purchasing an additional 30,679 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of Duke Energy Corporation by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock worth $699,000 after purchasing an additional 24 shares in the last quarter. Buckingham Asset Management LLC increased its stake in shares of Duke Energy Corporation by 19.6% during the 2nd quarter. Buckingham Asset Management LLC now owns 5,953 shares of the utilities provider’s stock worth $498,000 after purchasing an additional 977 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Duke Energy Corporation by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 16,179 shares of the utilities provider’s stock worth $1,352,000 after purchasing an additional 1,247 shares in the last quarter. Finally, Utah Retirement Systems increased its stake in shares of Duke Energy Corporation by 1.7% during the 2nd quarter. Utah Retirement Systems now owns 128,483 shares of the utilities provider’s stock worth $10,739,000 after purchasing an additional 2,100 shares in the last quarter. 56.21% of the stock is owned by institutional investors.

In related news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the sale, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by corporate insiders.

A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. SunTrust Banks, Inc. reissued a “hold” rating and set a $88.00 price objective on shares of Duke Energy Corporation in a research note on Thursday. Morgan Stanley raised their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Finally, BMO Capital Markets reissued a “hold” rating and set a $87.00 price objective (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Duke Energy Corporation currently has a consensus rating of “Hold” and an average target price of $84.18.

Shares of Duke Energy Corporation (DUK) opened at 86.79 on Monday. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $88.40. The stock has a market cap of $60.75 billion, a P/E ratio of 25.71 and a beta of 0.24. The company’s 50-day moving average is $86.01 and its 200 day moving average is $84.83.

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

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Duke Energy Corporation 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 Corporation (NYSE:DUK)

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