Duke Energy Corporation (NYSE:DUK) Shares Sold by Dai Ichi Life Insurance Company Ltd

Dai Ichi Life Insurance Company Ltd cut its stake in shares of Duke Energy Corporation (NYSE:DUK) by 24.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,488 shares of the utilities provider’s stock after selling 21,526 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Duke Energy Corporation were worth $5,535,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pinnacle Bank purchased a new stake in shares of Duke Energy Corporation during the first quarter valued at about $104,000. North Star Investment Management Corp. increased its stake in shares of Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock valued at $127,000 after buying an additional 322 shares during the period. Advantage Investment Management LLC increased its stake in shares of Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after buying an additional 462 shares during the period. Nicolet Bankshares Inc. increased its stake in shares of Duke Energy Corporation by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock valued at $142,000 after buying an additional 1,369 shares during the period. Finally, Baystate Wealth Management LLC purchased a new stake in shares of Duke Energy Corporation during the first quarter valued at about $142,000. Institutional investors and hedge funds own 55.60% of the company’s stock.

Duke Energy Corporation (DUK) opened at 85.70 on Friday. The stock’s 50 day moving average is $84.78 and its 200 day moving average is $82.84. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75. The company has a market capitalization of $59.99 billion, a PE ratio of 25.39 and a beta of 0.24.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.01. The company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. Duke Energy Corporation’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 EPS. On average, analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be paid a dividend of $0.89 per share. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio is presently 101.48%.

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Several equities research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $81.00 target price on shares of Duke Energy Corporation in a research note on Friday, April 28th. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Barclays PLC reiterated an “equal weight” rating and issued a $88.00 target price (up from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Duke Energy Corporation presently has a consensus rating of “Hold” and a consensus target price of $82.71.

In related news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Theodore F. Craver, Jr. purchased 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $83.73 per share, for a total transaction of $293,055.00. Following the completion of the purchase, the director now directly owns 5,706 shares in the company, valued at approximately $477,763.38. The disclosure for this purchase 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.

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

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