PNC Financial Services Group Inc. reduced its position in shares of Duke Energy Corporation (NYSE:DUK) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 632,489 shares of the utilities provider’s stock after selling 9,337 shares during the period. PNC Financial Services Group Inc. owned approximately 0.09% of Duke Energy Corporation worth $51,873,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in DUK. Osborn Williams & Donohoe LLC increased its position in shares of Duke Energy Corporation by 3.4% in the first quarter. Osborn Williams & Donohoe LLC now owns 3,043 shares of the utilities provider’s stock worth $250,000 after buying an additional 100 shares during the period. Stock Yards Bank & Trust Co. increased its position in shares of Duke Energy Corporation by 1.8% in the first quarter. Stock Yards Bank & Trust Co. now owns 19,487 shares of the utilities provider’s stock worth $1,598,000 after buying an additional 348 shares during the period. Forte Capital LLC ADV increased its position in shares of Duke Energy Corporation by 8.4% in the first quarter. Forte Capital LLC ADV now owns 6,338 shares of the utilities provider’s stock worth $520,000 after buying an additional 493 shares during the period. Sheets Smith Wealth Management increased its position in shares of Duke Energy Corporation by 0.8% in the first quarter. Sheets Smith Wealth Management now owns 12,175 shares of the utilities provider’s stock worth $998,000 after buying an additional 100 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in shares of Duke Energy Corporation by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 213,958 shares of the utilities provider’s stock worth $17,546,000 after buying an additional 4,650 shares during the period. Hedge funds and other institutional investors own 55.60% of the company’s stock.

Shares of Duke Energy Corporation (DUK) opened at 86.18 on Tuesday. The company’s 50-day moving average price is $84.87 and its 200-day moving average price is $82.44. The stock has a market cap of $60.32 billion, a PE ratio of 27.48 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 issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. Duke Energy Corporation’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current year.

The business 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 dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.13%. The ex-dividend date is Wednesday, August 16th. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s payout ratio is currently 101.48%.

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A number of research analysts have issued reports on DUK shares. Deutsche Bank AG upped their price objective on Duke Energy Corporation from $81.00 to $83.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Barclays PLC restated an “equal weight” rating and issued a $88.00 price objective (up previously from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Zacks Investment Research downgraded 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 issued a $81.00 price objective on shares of Duke Energy Corporation in a research note on Friday, April 28th. Finally, BidaskClub downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $82.51.

In related news, Director Theodore F. Craver, Jr. purchased 3,500 shares of the business’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of $83.73 per share, with a total value of $293,055.00. Following the completion of the acquisition, the director now owns 5,706 shares of the company’s stock, valued at approximately $477,763.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John H. Forsgren sold 2,190 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $82.86, for a total value of $181,463.40. 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.

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

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