QCI Asset Management Inc. NY lifted its position in Duke Energy Corp (NYSE:DUK) by 7.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,271 shares of the utilities provider’s stock after purchasing an additional 10,706 shares during the period. QCI Asset Management Inc. NY’s holdings in Duke Energy were worth $12,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisors Management Group Inc. ADV raised its stake in Duke Energy by 33.4% in the second quarter. Advisors Management Group Inc. ADV now owns 41,478 shares of the utilities provider’s stock worth $3,280,000 after buying an additional 10,383 shares in the last quarter. Tufton Capital Management raised its stake in Duke Energy by 5.7% in the second quarter. Tufton Capital Management now owns 76,651 shares of the utilities provider’s stock worth $6,061,000 after buying an additional 4,134 shares in the last quarter. Hyman Charles D raised its stake in Duke Energy by 0.8% in the second quarter. Hyman Charles D now owns 146,528 shares of the utilities provider’s stock worth $11,587,000 after buying an additional 1,226 shares in the last quarter. NTV Asset Management LLC raised its stake in Duke Energy by 6.7% in the second quarter. NTV Asset Management LLC now owns 15,959 shares of the utilities provider’s stock worth $1,262,000 after buying an additional 1,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Duke Energy by 2.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 144,512 shares of the utilities provider’s stock worth $11,428,000 after buying an additional 2,912 shares in the last quarter. Hedge funds and other institutional investors own 59.10% of the company’s stock.

Shares of Duke Energy opened at $80.89 on Friday, MarketBeat Ratings reports. The firm has a market cap of $57.57 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.69 and a beta of 0.10. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.66. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.80.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.08). The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.61 billion. Duke Energy had a return on equity of 7.92% and a net margin of 11.52%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. analysts predict that Duke Energy Corp will post 4.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 17th will be given a dividend of $0.9275 per share. The ex-dividend date is Thursday, August 16th. This is an increase from Duke Energy’s previous quarterly dividend of $0.89. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.59%. Duke Energy’s dividend payout ratio is presently 77.90%.

In related news, Director E Marie Mckee sold 2,006 shares of the company’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $77.49, for a total value of $155,444.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Melissa H. Anderson sold 500 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $81.76, for a total value of $40,880.00. Following the completion of the transaction, the executive vice president now directly owns 15,096 shares in the company, valued at $1,234,248.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,306 shares of company stock worth $488,849. Insiders own 0.07% of the company’s stock.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Duke Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Wednesday, May 30th. SunTrust Banks reissued a “hold” rating and issued a $82.00 price objective on shares of Duke Energy in a research note on Monday, April 23rd. Bank of America raised shares of Duke Energy from a “neutral” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Wednesday, June 20th. Morgan Stanley boosted their price objective on shares of Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Monday, July 16th. Finally, Barclays assumed coverage on shares of Duke Energy in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $86.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $83.63.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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

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