Sumitomo Mitsui Asset Management Company LTD lowered its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,653 shares of the utilities provider’s stock after selling 871 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Duke Energy Corporation were worth $4,735,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Truepoint Inc. raised 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 during the last quarter. Valley National Advisers Inc. raised 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 during the last quarter. Accredited Investors Inc. raised 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 during the last quarter. Hayek Kallen Investment Management raised 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 during the last quarter. Finally, MCF Advisors LLC raised 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 during the last quarter. Institutional investors own 56.22% of the company’s stock.

Duke Energy Corporation (NYSE DUK) opened at 87.50 on Wednesday. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.95. The company has a market cap of $61.25 billion, a price-to-earnings ratio of 25.92 and a beta of 0.24. The company’s 50 day moving average is $85.34 and its 200 day moving average is $83.50.

Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the prior year, the company posted $1.07 EPS. Duke Energy Corporation’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts forecast that Duke Energy Corporation will post $4.60 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.07%. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio is presently 105.64%.

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DUK has been the subject of several recent research reports. Royal Bank Of Canada restated a “buy” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a report on Tuesday. BMO Capital Markets restated a “hold” rating and issued a $87.00 price target (up previously from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Tuesday, July 11th. Morgan Stanley boosted their price target on shares of Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $84.00 price target (up previously from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Duke Energy Corporation presently has a consensus rating of “Hold” and a consensus target price of $82.91.

In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction that occurred on 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 approximately $4,338,245.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

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.

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

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