Israel Discount Bank of New York acquired a new stake in Duke Energy Corporation (NYSE:DUK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,234 shares of the utilities provider’s stock, valued at approximately $265,000.

A number of other large investors also recently modified their holdings of DUK. Wellington Management Group LLP boosted its stake in shares of 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 boosted 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 during the last quarter. Wells Fargo & Company MN boosted 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 during the last quarter. Swiss National Bank boosted 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 during the last quarter. Finally, UBS Asset Management Americas Inc. boosted 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 during the last quarter. 55.60% of the stock is currently owned by institutional investors.

Duke Energy Corporation (NYSE:DUK) opened at 86.18 on Tuesday. The stock’s 50 day moving average price is $84.87 and its 200-day moving average price is $82.44. The company 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 1-year low of $72.34 and a 1-year high of $87.75.

Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The firm 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%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend 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 presently 101.48%.

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Several equities research analysts have weighed in on DUK shares. BMO Capital Markets reissued a “hold” rating and set a $85.00 price objective on shares of Duke Energy Corporation in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. BidaskClub cut Duke Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating and set a $87.00 price objective (down from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Finally, Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Four research 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. The company presently has an average rating of “Hold” and a consensus price target of $82.51.

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

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

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