Duke Energy Corp (DUK) Shares Sold by Heritage Investors Management Corp

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Heritage Investors Management Corp lowered its holdings in shares of Duke Energy Corp (NYSE:DUK) by 3.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,084 shares of the utilities provider’s stock after selling 1,020 shares during the period. Heritage Investors Management Corp’s holdings in Duke Energy were worth $2,007,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Duke Energy by 0.4% during the 2nd quarter. BlackRock Inc. now owns 45,977,809 shares of the utilities provider’s stock worth $3,635,924,000 after buying an additional 174,888 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Duke Energy by 0.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,862,028 shares of the utilities provider’s stock worth $1,589,358,000 after purchasing an additional 121,046 shares in the last quarter. Legal & General Group Plc increased its holdings in Duke Energy by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 5,037,516 shares of the utilities provider’s stock worth $398,357,000 after purchasing an additional 95,960 shares in the last quarter. FMR LLC increased its holdings in Duke Energy by 28.5% in the 2nd quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock worth $365,201,000 after purchasing an additional 1,023,646 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Duke Energy by 7.8% in the 3rd quarter. Wells Fargo & Company MN now owns 3,918,532 shares of the utilities provider’s stock worth $313,561,000 after purchasing an additional 283,755 shares in the last quarter. 58.85% of the stock is owned by institutional investors.

In other Duke Energy news, COO Dhiaa M. Jamil sold 4,279 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $81.54, for a total value of $348,909.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.07% of the company’s stock.

A number of equities analysts have issued reports on DUK shares. Guggenheim reaffirmed a “buy” rating and issued a $85.00 target price on shares of Duke Energy in a report on Monday, July 23rd. Scotiabank started coverage on Duke Energy in a report on Tuesday, July 24th. They issued a “buy” rating and a $85.00 target price for the company. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Wednesday, July 25th. Morgan Stanley upped their target price on Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a report on Monday, July 16th. Finally, Wells Fargo & Co upped their target price on Duke Energy from $86.00 to $89.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $84.00.

NYSE DUK opened at $85.58 on Friday. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.80. The stock has a market capitalization of $60.38 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 3.56 and a beta of -0.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.68.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter in the previous year, the company posted $1.59 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Equities research analysts expect that Duke Energy Corp will post 4.74 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 16th will be given a $0.9275 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.34%. Duke Energy’s dividend payout ratio (DPR) is presently 81.18%.

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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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