Piedmont Investment Advisors LLC increased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 146,442 shares of the utilities provider’s stock after buying an additional 1,296 shares during the period. Piedmont Investment Advisors LLC’s holdings in Duke Energy Corporation were worth $12,010,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DUK. Truepoint Inc. boosted its stake in shares of Duke Energy Corporation by 0.5% in the first quarter. Truepoint Inc. now owns 2,792 shares of the utilities provider’s stock worth $229,000 after buying an additional 13 shares in the last quarter. Valley National Advisers Inc. boosted its stake in shares of Duke Energy Corporation by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock worth $219,000 after buying an additional 18 shares in the last quarter. Accredited Investors Inc. boosted its stake in shares of Duke Energy Corporation by 0.7% in the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock worth $229,000 after buying an additional 19 shares in the last quarter. Hayek Kallen Investment Management boosted its stake in shares of Duke Energy Corporation by 0.5% in the first quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock worth $325,000 after buying an additional 19 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in shares of Duke Energy Corporation by 0.4% in the first quarter. MCF Advisors LLC now owns 4,499 shares of the utilities provider’s stock worth $369,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 55.41% of the company’s stock.

Shares of Duke Energy Corporation (NYSE DUK) traded up 0.08% during trading on Wednesday, reaching $86.07. 516,400 shares of the company’s stock were exchanged. The company’s 50-day moving average is $84.79 and its 200 day moving average is $83.06. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.75. The stock has a market capitalization of $60.24 billion, a PE ratio of 25.49 and a beta of 0.24.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.89 per share. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date is Wednesday, August 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.10%. Duke Energy Corporation’s payout ratio is 101.48%.

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DUK has been the subject of a number of recent research reports. Barclays PLC reiterated an “equal weight” rating and set a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Zacks Investment Research cut shares of Duke Energy Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BidaskClub cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Goldman Sachs Group, Inc. (The) upgraded shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $87.00 price target (down previously from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $82.71.

In other news, Director E Marie Mckee sold 1,937 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Douglas F. Esamann sold 5,000 shares of the business’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 transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

About Duke Energy Corporation

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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