Global Financial Private Capital LLC bought a new stake in shares of Duke Energy Corporation (NYSE:DUK) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 312,619 shares of the utilities provider’s stock, valued at approximately $25,638,000. Duke Energy Corporation makes up 1.3% of Global Financial Private Capital LLC’s portfolio, making the stock its 25th largest position.

A number of other institutional investors have also added to or reduced their stakes in DUK. Wellington Management Group LLP raised its position in Duke Energy Corporation by 1.4% in the first quarter. Wellington Management Group LLP now owns 6,156,892 shares of the utilities provider’s stock valued at $504,928,000 after buying an additional 86,230 shares during the last quarter. FMR LLC raised its stake in shares of Duke Energy Corporation by 30.6% in the first quarter. FMR LLC now owns 4,909,584 shares of the utilities provider’s stock valued at $402,635,000 after buying an additional 1,151,408 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Duke Energy Corporation by 22.0% in the first quarter. Wells Fargo & Company MN now owns 3,640,404 shares of the utilities provider’s stock valued at $298,551,000 after buying an additional 656,042 shares in the last quarter. Swiss National Bank raised its stake in shares of Duke Energy Corporation by 21.9% in the first quarter. Swiss National Bank now owns 3,093,691 shares of the utilities provider’s stock valued at $253,714,000 after buying an additional 555,000 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Duke Energy Corporation by 11.1% in the first quarter. UBS Asset Management Americas Inc. now owns 2,984,715 shares of the utilities provider’s stock valued at $244,776,000 after buying an additional 297,467 shares in the last quarter. Hedge funds and other institutional investors own 55.60% of the company’s stock.

Duke Energy Corporation (NYSE DUK) opened at 86.44 on Monday. The company has a 50-day moving average price of $84.87 and a 200-day moving average price of $82.44. The stock has a market cap of $60.50 billion, a P/E ratio of 27.56 and a beta of 0.24. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75.

Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share 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 return on equity of 7.72% and a net margin of 9.89%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. On average, analysts anticipate that Duke Energy Corporation will post $4.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be paid a $0.89 dividend. The ex-dividend date is Wednesday, August 16th. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.12%. Duke Energy Corporation’s payout ratio is presently 101.48%.

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Several equities research analysts have commented on DUK shares. Zacks Investment Research lowered Duke Energy Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BMO Capital Markets restated a “hold” rating and set a $85.00 price target on shares of Duke Energy Corporation in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. Barclays PLC restated an “equal weight” rating and set a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Finally, BidaskClub lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $82.51.

In other Duke Energy Corporation news, Director Theodore F. Craver, Jr. acquired 3,500 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average cost of $83.73 per share, for a total transaction of $293,055.00. Following the completion of the purchase, the director now owns 5,706 shares of the company’s stock, valued at approximately $477,763.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Marie Mckee sold 1,937 shares of Duke Energy Corporation stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

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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