Sii Investments Inc. WI reduced its position in Duke Energy Corporation (NYSE:DUK) by 1.3% during the first quarter, Holdings Channel reports. The fund owned 12,209 shares of the utilities provider’s stock after selling 167 shares during the period. Sii Investments Inc. WI’s holdings in Duke Energy Corporation were worth $1,003,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of Duke Energy Corporation by 6.8% in the first quarter. Quadrant Capital Group LLC now owns 2,815 shares of the utilities provider’s stock worth $219,000 after buying an additional 180 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in shares of Duke Energy Corporation by 39.1% in the first quarter. Carroll Financial Associates Inc. now owns 127,256 shares of the utilities provider’s stock worth $10,436,000 after buying an additional 35,741 shares during the last quarter. Murphy Capital Management Inc. increased its stake in shares of Duke Energy Corporation by 0.6% in the first quarter. Murphy Capital Management Inc. now owns 37,163 shares of the utilities provider’s stock worth $3,047,000 after buying an additional 216 shares during the last quarter. E&G Advisors LP purchased a new stake in shares of Duke Energy Corporation during the first quarter worth about $230,000. Finally, Bank of Montreal Can increased its stake in shares of Duke Energy Corporation by 7.6% in the first quarter. Bank of Montreal Can now owns 1,094,462 shares of the utilities provider’s stock worth $89,756,000 after buying an additional 77,201 shares during the last quarter. 55.60% of the stock is owned by institutional investors and hedge funds.

Shares of Duke Energy Corporation (NYSE:DUK) traded down 0.34% during mid-day trading on Thursday, hitting $85.91. 383,388 shares of the company were exchanged. The company has a market capitalization of $60.13 billion, a P/E ratio of 25.45 and a beta of 0.24. The company has a 50 day moving average of $84.80 and a 200 day moving average of $82.76. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.75.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities 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. Stockholders of record on Friday, August 18th will be paid a $0.89 dividend. 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. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.13%. Duke Energy Corporation’s payout ratio is currently 101.48%.

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A number of equities research analysts have issued reports on DUK shares. Barclays PLC reaffirmed an “equal weight” rating and issued a $88.00 price objective (up from $82.00) on shares of Duke Energy Corporation in a research report on Sunday, April 23rd. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BMO Capital Markets reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Duke Energy Corporation in a research report on Friday, April 28th. BidaskClub downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $82.00 to $85.00 in a research report on Monday, June 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $82.58.

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