Tufton Capital Management Reduces Position in Duke Energy Corporation (DUK)

Tufton Capital Management reduced its position in shares of Duke Energy Corporation (NYSE:DUK) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,716 shares of the utilities provider’s stock after selling 181 shares during the period. Tufton Capital Management’s holdings in Duke Energy Corporation were worth $4,908,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Duke Energy Corporation by 4.1% during 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 in the last quarter. BlackRock Inc. raised its position in shares of Duke Energy Corporation by 2,866.0% during 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 in the last quarter. State Street Corp raised its position in shares of Duke Energy Corporation by 1.3% during 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 in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Duke Energy Corporation by 33.1% during 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 in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Duke Energy Corporation by 8.6% during 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 in the last quarter. 56.22% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Corporation (DUK) opened at 87.30 on Friday. The company has a market cap of $61.11 billion, a PE ratio of 25.86 and a beta of 0.25. The stock has a 50 day moving average price of $86.68 and a 200 day moving average price of $84.33. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $88.40.

Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be given a $0.89 dividend. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 annualized dividend and a yield of 4.08%. Duke Energy Corporation’s payout ratio is presently 105.64%.

In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the transaction, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.07% of the company’s stock.

Several brokerages have weighed in on DUK. Zacks Investment Research lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. BidaskClub raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Morgan Stanley increased their target price on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. Finally, Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $82.00 to $85.00 in a research report on Monday, June 26th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $83.18.

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Duke Energy Corporation Company 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)

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