Lincoln National Corp lifted its position in shares of Duke Energy Corporation (NYSE:DUK) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,076 shares of the utilities provider’s stock after purchasing an additional 211 shares during the period. Lincoln National Corp’s holdings in Duke Energy Corporation were worth $508,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Winfield Associates Inc. lifted its position in shares of Duke Energy Corporation by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 165 shares during the last quarter. Jolley Asset Management LLC lifted its position in shares of Duke Energy Corporation by 26.4% during the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. purchased a new stake in shares of Duke Energy Corporation during the 2nd quarter worth $130,000. Advantage Investment Management LLC lifted its position in shares of Duke Energy Corporation by 37.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 462 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Duke Energy Corporation by 84.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 848 shares during the last quarter. 56.22% of the stock is owned by institutional investors and hedge funds.
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Several equities research analysts have recently issued reports on DUK shares. Zacks Investment Research cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Morgan Stanley lifted their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $82.00 to $85.00 in a research report on Monday, June 26th. Finally, BidaskClub cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $83.31.
Shares of Duke Energy Corporation (NYSE DUK) opened at 85.79 on Wednesday. The firm has a market capitalization of $60.05 billion, a price-to-earnings ratio of 25.41 and a beta of 0.24. The company’s 50-day moving average is $86.05 and its 200 day moving average is $84.74. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $88.40.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting the Zacks’ 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 net margin of 9.89% and a return on equity of 7.72%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 earnings per share. Analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction on Monday, August 14th. The shares were 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 of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by corporate 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.
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