ZWJ Investment Counsel Inc. decreased its position in Duke Energy Corporation (NYSE:DUK) by 32.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,584 shares of the utilities provider’s stock after selling 7,400 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Duke Energy Corporation were worth $1,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DUK. BlackRock Inc. grew its holdings 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 worth $3,502,557,000 after purchasing an additional 41,268,968 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Duke Energy Corporation by 33.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock worth $772,704,000 after acquiring an additional 2,345,114 shares during the last quarter. Vanguard Group Inc. grew its holdings in Duke Energy Corporation by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock worth $3,975,109,000 after acquiring an additional 1,918,598 shares during the last quarter. FMR LLC grew its holdings in Duke Energy Corporation by 30.6% during the 1st quarter. FMR LLC now owns 4,909,584 shares of the utilities provider’s stock worth $402,635,000 after acquiring an additional 1,151,408 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Duke Energy Corporation by 25.1% during the 1st quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock worth $402,605,000 after acquiring an additional 986,456 shares during the last quarter. 56.22% of the stock is currently owned by institutional investors and hedge funds.

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In other news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the sale, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.

Duke Energy Corporation (NYSE DUK) opened at 84.64 on Friday. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.40. The firm has a market capitalization of $59.24 billion, a P/E ratio of 25.07 and a beta of 0.24. The firm’s 50-day moving average is $86.12 and its 200-day moving average is $84.68.

Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. The company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 earnings per share. On average, equities analysts expect that Duke Energy Corporation will post $4.60 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 18th were issued a dividend of $0.89 per share. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Wednesday, August 16th. Duke Energy Corporation’s payout ratio is 105.64%.

DUK has been the topic of a number of research analyst reports. BidaskClub lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $82.00 to $85.00 in a report on Monday, June 26th. Morgan Stanley reissued an “equal weight” rating and set a $87.00 price objective (down previously from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. Zacks Investment Research raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Tuesday, July 11th. Finally, BMO Capital Markets reissued a “hold” rating and set a $87.00 price objective (up previously from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Duke Energy Corporation has an average rating of “Hold” and an average target price of $83.31.

About Duke Energy Corporation

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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