AQR Capital Management LLC boosted its position in shares of Duke Energy Corporation (NYSE:DUK) by 18.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,392,484 shares of the utilities provider’s stock after buying an additional 221,359 shares during the period. AQR Capital Management LLC owned approximately 0.20% of Duke Energy Corporation worth $114,197,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Regentatlantic Capital LLC raised its stake in Duke Energy Corporation by 43.1% in the first quarter. Regentatlantic Capital LLC now owns 7,000 shares of the utilities provider’s stock valued at $574,000 after buying an additional 2,107 shares during the last quarter. Ipswich Investment Management Co. Inc. raised its stake in Duke Energy Corporation by 1.1% in the first quarter. Ipswich Investment Management Co. Inc. now owns 27,451 shares of the utilities provider’s stock valued at $2,251,000 after buying an additional 300 shares during the last quarter. TNB Financial acquired a new stake in Duke Energy Corporation during the first quarter valued at about $10,613,000. Honkamp Krueger Financial Services Inc. raised its stake in Duke Energy Corporation by 4.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 6,239 shares of the utilities provider’s stock valued at $512,000 after buying an additional 285 shares during the last quarter. Finally, Verus Financial Partners Inc. raised its stake in Duke Energy Corporation by 45.0% in the first quarter. Verus Financial Partners Inc. now owns 5,448 shares of the utilities provider’s stock valued at $447,000 after buying an additional 1,690 shares during the last quarter. 55.60% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Corporation (DUK) traded down 0.80% during mid-day trading on Friday, hitting $85.70. 2,516,839 shares of the stock were exchanged. The company’s 50-day moving average price is $84.78 and its 200 day moving average price is $82.84. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.75. The firm has a market capitalization of $59.99 billion, a price-to-earnings ratio of 25.39 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. Equities research analysts expect that Duke Energy Corporation will post $4.60 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors 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 4.15%. This is an increase 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 101.48%.
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DUK has been the subject of several analyst reports. Barclays PLC restated an “equal weight” rating and set a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a research report on Sunday, April 23rd. Zacks Investment Research lowered shares of Duke Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BMO Capital Markets restated a “hold” rating and set a $81.00 price target on shares of Duke Energy Corporation in a research report on Friday, April 28th. BidaskClub lowered 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) upgraded shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company 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 assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $82.71.
In other news, Director Theodore F. Craver, Jr. purchased 3,500 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average cost 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 approximately $477,763.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The disclosure for this sale can be found here. Corporate 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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