Duke Energy Corporation (DUK) Holdings Trimmed by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI cut its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 8.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,419 shares of the utilities provider’s stock after selling 517 shares during the period. LVM Capital Management Ltd. MI’s holdings in Duke Energy Corporation were worth $453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DUK. IFP Advisors Inc lifted its stake in Duke Energy Corporation by 1.3% during the first quarter. IFP Advisors Inc now owns 138,852 shares of the utilities provider’s stock worth $11,387,000 after purchasing an additional 1,835 shares during the last quarter. First Midwest Bank Trust Division increased its holdings in shares of Duke Energy Corporation by 3.2% during the first quarter. First Midwest Bank Trust Division now owns 16,116 shares of the utilities provider’s stock worth $1,322,000 after buying an additional 504 shares in the last quarter. Leavell Investment Management Inc. increased its holdings in shares of Duke Energy Corporation by 1.1% during the first quarter. Leavell Investment Management Inc. now owns 61,307 shares of the utilities provider’s stock worth $5,028,000 after buying an additional 682 shares in the last quarter. Taylor Cottrill Erickson & Associates Inc. increased its holdings in shares of Duke Energy Corporation by 2.5% during the first quarter. Taylor Cottrill Erickson & Associates Inc. now owns 8,182 shares of the utilities provider’s stock worth $671,000 after buying an additional 199 shares in the last quarter. Finally, Breton Hill Capital Ltd. increased its holdings in shares of Duke Energy Corporation by 4.0% during the first quarter. Breton Hill Capital Ltd. now owns 118,804 shares of the utilities provider’s stock worth $9,743,000 after buying an additional 4,559 shares in the last quarter. Hedge funds and other institutional investors own 56.22% of the company’s stock.

Duke Energy Corporation (NYSE DUK) traded down 0.23% during mid-day trading on Friday, reaching $87.30. The company had a trading volume of 6,419,300 shares. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40. The firm has a market capitalization of $61.11 billion, a price-to-earnings ratio of 25.86 and a beta of 0.25. The firm has a 50-day moving average price of $86.68 and a 200 day moving average price of $84.33.

Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. The business had revenue of $5.56 billion during 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 for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Analysts expect that Duke Energy Corporation will post $4.60 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders 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 an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 annualized dividend and a yield of 4.08%. Duke Energy Corporation’s payout ratio is currently 105.64%.

Several brokerages have recently issued reports on DUK. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Friday. Morgan Stanley upped their price target on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 price target on shares of Duke Energy Corporation in a report on Tuesday, August 29th. Finally, BidaskClub upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Duke Energy Corporation currently has an average rating of “Hold” and an average target price of $83.18.

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In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the sale, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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