Phocas Financial Corp. lowered its holdings in Duke Energy Corporation (NYSE:DUK) by 44.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,750 shares of the utilities provider’s stock after selling 6,301 shares during the period. Phocas Financial Corp.’s holdings in Duke Energy Corporation were worth $648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Advisory Service Inc. increased its stake in shares of Duke Energy Corporation by 0.3% in the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after acquiring an additional 17 shares during the last quarter. Valley National Advisers Inc. increased 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 acquiring an additional 18 shares during the last quarter. Accredited Investors Inc. increased 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 acquiring an additional 19 shares during the last quarter. Hayek Kallen Investment Management increased 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 acquiring an additional 19 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its stake in shares of Duke Energy Corporation by 0.3% in the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock worth $594,000 after acquiring an additional 19 shares during the last quarter. Institutional investors own 56.30% of the company’s stock.

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Shares of Duke Energy Corporation (DUK) opened at $88.63 on Thursday. The stock has a market capitalization of $62,164.83, a PE ratio of 19.96, a PEG ratio of 4.86 and a beta of 0.26. Duke Energy Corporation has a 1 year low of $72.34 and a 1 year high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41.

Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.68 earnings per share. sell-side analysts predict that Duke Energy Corporation will post 4.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is currently 117.49%.

DUK has been the topic of a number of research reports. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Friday, September 15th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. ValuEngine raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, Morgan Stanley upped their price target on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $86.90.

In other news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.

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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