Duke Energy Corporation (DUK) Shares Bought by State of Wisconsin Investment Board
State of Wisconsin Investment Board boosted its stake in Duke Energy Corporation (NYSE:DUK) by 22.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 950,049 shares of the utilities provider’s stock after buying an additional 172,110 shares during the period. State of Wisconsin Investment Board owned approximately 0.14% of Duke Energy Corporation worth $79,415,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Duke Energy Corporation by 4.1% during the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after acquiring an additional 1,918,598 shares during the last quarter. BlackRock Inc. raised its stake in shares of Duke Energy Corporation by 2,866.0% in 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 period. State Street Corp raised its stake in shares of Duke Energy Corporation by 1.3% in the 1st quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after acquiring an additional 451,100 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Duke Energy Corporation by 33.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after acquiring an additional 2,345,114 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Duke Energy Corporation by 8.6% in the 1st quarter. Geode Capital Management LLC now owns 7,138,784 shares of the utilities provider’s stock valued at $584,660,000 after acquiring an additional 567,019 shares during the period. Hedge funds and other institutional investors own 56.22% of the company’s stock.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is currently owned by corporate insiders.
Several equities analysts have recently commented on DUK shares. Zacks Investment Research cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a report on Tuesday, August 29th. Morgan Stanley boosted their target price on 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. KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Finally, Deutsche Bank AG restated a “hold” rating and set a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $83.05.
ILLEGAL ACTIVITY WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/duke-energy-corporation-duk-shares-bought-by-state-of-wisconsin-investment-board/1604467.html.
Duke Energy Corporation (DUK) opened at 84.36 on Tuesday. The stock has a market cap of $59.05 billion, a PE ratio of 24.99 and a beta of 0.24. The stock has a 50 day moving average price of $86.34 and a 200 day moving average price of $84.64. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $88.40.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. On average, equities analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 18th were issued a $0.89 dividend. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio is currently 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.
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corporation (NYSE:DUK).
Receive News & Ratings for Duke Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.