Oregon Public Employees Retirement Fund grew its stake in shares of Duke Energy Corp (NYSE:DUK) by 1.3% in the second quarter, HoldingsChannel reports. The firm owned 76,521 shares of the utilities provider’s stock after purchasing an additional 962 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Duke Energy were worth $6,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in shares of Duke Energy by 3.2% in the first quarter. Wells Fargo & Company MN now owns 3,667,525 shares of the utilities provider’s stock valued at $284,122,000 after acquiring an additional 114,386 shares in the last quarter. Mackay Shields LLC bought a new position in shares of Duke Energy in the first quarter valued at approximately $10,656,000. Commerce Bank grew its holdings in shares of Duke Energy by 0.8% in the first quarter. Commerce Bank now owns 258,676 shares of the utilities provider’s stock valued at $20,039,000 after acquiring an additional 2,038 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Duke Energy by 68.1% in the first quarter. Victory Capital Management Inc. now owns 633,889 shares of the utilities provider’s stock valued at $49,108,000 after acquiring an additional 256,797 shares in the last quarter. Finally, Mitchell Capital Management Co. grew its holdings in shares of Duke Energy by 61.6% in the first quarter. Mitchell Capital Management Co. now owns 4,769 shares of the utilities provider’s stock valued at $369,000 after acquiring an additional 1,817 shares in the last quarter. 59.06% of the stock is owned by hedge funds and other institutional investors.

DUK has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 target price for the company in a report on Monday, July 23rd. Barclays initiated coverage on Duke Energy in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $86.00 target price for the company. ValuEngine lowered Duke Energy from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Guggenheim reaffirmed a “buy” rating and issued a $86.00 target price on shares of Duke Energy in a report on Friday, August 17th. Finally, Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Wednesday, May 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $83.69.

In related news, COO Dhiaa M. Jamil sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $80.98, for a total value of $566,860.00. Following the transaction, the chief operating officer now owns 4,279 shares in the company, valued at $346,513.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Melissa H. Anderson sold 500 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $81.76, for a total value of $40,880.00. Following the sale, the executive vice president now owns 15,096 shares in the company, valued at approximately $1,234,248.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,779 shares of company stock worth $956,650. 0.07% of the stock is owned by company insiders.

Duke Energy stock opened at $83.47 on Friday. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.80. The company has a current ratio of 0.66, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $59.26 billion, a P/E ratio of 18.26, a PEG ratio of 3.80 and a beta of 0.04.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.08). Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter in the previous year, the company posted $1.01 EPS. Duke Energy’s revenue for the quarter was up 1.6% on a year-over-year basis. analysts predict that Duke Energy Corp will post 4.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 17th will be paid a $0.9275 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $3.71 annualized dividend and a yield of 4.44%. Duke Energy’s dividend payout ratio is presently 81.18%.

Duke Energy Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Further Reading: Return on Equity (ROE)

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

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