State of Wisconsin Investment Board Has $82.97 Million Stake in Duke Energy Corp (NYSE:DUK)

State of Wisconsin Investment Board increased its position in shares of Duke Energy Corp (NYSE:DUK) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 988,685 shares of the utilities provider’s stock after purchasing an additional 38,636 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.14% of Duke Energy worth $82,970,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in Duke Energy by 2,866.0% during the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after acquiring an additional 41,268,968 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Duke Energy by 33.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock worth $772,704,000 after acquiring an additional 2,345,114 shares in the last quarter. Vanguard Group Inc. lifted its stake in Duke Energy by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock worth $3,975,109,000 after acquiring an additional 1,918,598 shares in the last quarter. Morgan Stanley increased its holdings in Duke Energy by 25.1% during the 1st quarter. Morgan Stanley now owns 4,909,214 shares of the utilities provider’s stock worth $402,605,000 after purchasing an additional 986,456 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in Duke Energy by 575.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 955,632 shares of the utilities provider’s stock worth $81,984,000 after purchasing an additional 814,210 shares during the period. Hedge funds and other institutional investors own 57.23% of the company’s stock.

In other news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.07% of the stock is owned by insiders.

Several brokerages have weighed in on DUK. SunTrust Banks restated a “hold” rating and set a $83.00 price target on shares of Duke Energy in a report on Tuesday. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Wolfe Research upgraded Duke Energy from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Zacks Investment Research cut Duke Energy from a “buy” rating to a “sell” rating in a research report on Tuesday, September 19th. Finally, JPMorgan Chase & Co. upped their target price on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $86.67.

Duke Energy Corp (NYSE:DUK) traded up $0.12 during midday trading on Friday, reaching $84.11. The company had a trading volume of 2,210,532 shares, compared to its average volume of 2,547,719. Duke Energy Corp has a 12-month low of $76.14 and a 12-month high of $91.80. The stock has a market cap of $58,790.95, a P/E ratio of 27.76, a P/E/G ratio of 4.59 and a beta of 0.26. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. Duke Energy’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 earnings per share. equities research analysts anticipate that Duke Energy Corp will post 4.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Friday, November 17th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Thursday, November 16th. Duke Energy’s dividend payout ratio is currently 117.49%.

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Duke Energy 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 (NYSE:DUK)

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