Transamerica Financial Advisors Inc. Boosts Position in Duke Energy Corporation (NYSE:DUK)

Transamerica Financial Advisors Inc. increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,472 shares of the utilities provider’s stock after buying an additional 23 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Duke Energy Corporation were worth $2,992,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in DUK. Truepoint Inc. increased its position 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 in the last quarter. MCF Advisors LLC increased its position 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 in the last quarter. Savant Capital LLC increased its position in shares of Duke Energy Corporation by 0.3% in the first quarter. Savant Capital LLC now owns 11,240 shares of the utilities provider’s stock worth $922,000 after buying an additional 39 shares in the last quarter. Lbmc Investment Advisors LLC increased its position in shares of Duke Energy Corporation by 0.8% in the first quarter. Lbmc Investment Advisors LLC now owns 5,734 shares of the utilities provider’s stock worth $470,000 after buying an additional 45 shares in the last quarter. Finally, Haverford Trust Co. increased its position in shares of Duke Energy Corporation by 0.4% in the first quarter. Haverford Trust Co. now owns 12,364 shares of the utilities provider’s stock worth $1,014,000 after buying an additional 55 shares in the last quarter. 55.60% of the stock is owned by institutional investors.

Shares of Duke Energy Corporation (DUK) opened at 86.60 on Wednesday. The stock has a market cap of $60.61 billion, a P/E ratio of 27.61 and a beta of 0.24. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The company has a 50 day moving average price of $84.86 and a 200 day moving average price of $82.52.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be issued a $0.89 dividend. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation’s payout ratio is currently 101.48%.

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A number of brokerages recently issued reports on DUK. BMO Capital Markets restated a “hold” rating and set a $81.00 price target on shares of Duke Energy Corporation in a report on Friday, April 28th. BidaskClub upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Barclays PLC restated an “equal weight” rating and set a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corporation in a report on Sunday, April 23rd. Zacks Investment Research upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Deutsche Bank AG boosted their price target on Duke Energy Corporation from $81.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.51.

In other Duke Energy Corporation news, Director John H. Forsgren sold 2,190 shares of Duke Energy Corporation stock in a transaction on Friday, May 12th. The shares were sold at an average price of $82.86, for a total value of $181,463.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director E Marie Mckee sold 1,937 shares of Duke Energy Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total transaction of $165,206.73. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.

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.

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

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