Kistler Tiffany Companies LLC lifted its position in Duke Energy Corporation (NYSE:DUK) by 74.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,199 shares of the utilities provider’s stock after acquiring an additional 1,793 shares during the period. Kistler Tiffany Companies LLC’s holdings in Duke Energy Corporation were worth $351,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Duke Energy Corporation by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after acquiring an additional 1,918,598 shares during the period. BlackRock Inc. raised its position in shares of Duke Energy Corporation by 2,866.0% in the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after acquiring an additional 41,268,968 shares during the period. State Street Corp raised its position in shares of Duke Energy Corporation by 1.3% in the 1st quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after acquiring an additional 451,100 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Duke Energy Corporation by 33.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after acquiring an additional 2,345,114 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Duke Energy Corporation by 8.6% in the 1st quarter. Geode Capital Management LLC now owns 7,138,784 shares of the utilities provider’s stock valued at $584,660,000 after acquiring an additional 567,019 shares during the period. Institutional investors and hedge funds own 56.22% of the company’s stock.

In other news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.

A number of brokerages recently weighed in on DUK. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 price target on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Morgan Stanley increased their price target on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $83.18.

Shares of Duke Energy Corporation (DUK) opened at 87.30 on Monday. The firm has a market capitalization of $61.11 billion, a P/E ratio of 25.86 and a beta of 0.25. The firm’s 50-day moving average is $86.68 and its 200 day moving average is $84.33. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.40.

Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current year.

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 4.08%. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio is presently 105.64%.

TRADEMARK VIOLATION WARNING: “Kistler Tiffany Companies LLC Has $351,000 Position in Duke Energy Corporation (DUK)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/18/kistler-tiffany-companies-llc-has-351000-position-in-duke-energy-corporation-duk.html.

Duke Energy Corporation Profile

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)

Receive News & Ratings for Duke Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.