Sun Life Financial INC lifted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 2,803.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,216 shares of the utilities provider’s stock after acquiring an additional 7,933 shares during the quarter. Sun Life Financial INC’s holdings in Duke Energy Corporation were worth $687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of DUK. Financial Advisory Service Inc. boosted its holdings in 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 worth $562,000 after buying an additional 17 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in 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 worth $219,000 after buying an additional 18 shares in the last quarter. Accredited Investors Inc. boosted its holdings in Duke Energy Corporation by 0.7% during 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 holdings in 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 worth $325,000 after buying an additional 19 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in 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 worth $594,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

Duke Energy Corporation (DUK) opened at $88.89 on Monday. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $89.74. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The company has a market cap of $62,220.83, a P/E ratio of 19.98, a P/E/G ratio of 4.86 and a beta of 0.26.

Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. analysts forecast that Duke Energy Corporation will post 4.56 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 117.49%.

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DUK has been the subject of a number of research reports. Zacks Investment Research cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BMO Capital Markets restated a “hold” rating and set a $87.00 target price (up from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Deutsche Bank AG restated a “hold” rating and set a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Finally, Morgan Stanley raised their target price on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $86.90.

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.

Institutional Ownership by Quarter for Duke Energy Corporation (NYSE:DUK)

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