Wells Fargo & Company MN Boosts Position in Duke Energy Corp (DUK)

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Wells Fargo & Company MN boosted its stake in shares of Duke Energy Corp (NYSE:DUK) by 7.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,918,532 shares of the utilities provider’s stock after buying an additional 283,755 shares during the quarter. Wells Fargo & Company MN’s holdings in Duke Energy were worth $313,561,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. boosted its position in Duke Energy by 0.4% during the second quarter. BlackRock Inc. now owns 45,977,809 shares of the utilities provider’s stock worth $3,635,924,000 after purchasing an additional 174,888 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Duke Energy by 0.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 19,862,028 shares of the utilities provider’s stock worth $1,589,358,000 after purchasing an additional 121,046 shares during the period. Legal & General Group Plc boosted its position in Duke Energy by 1.9% during the second quarter. Legal & General Group Plc now owns 5,037,516 shares of the utilities provider’s stock worth $398,357,000 after purchasing an additional 95,960 shares during the period. FMR LLC boosted its position in Duke Energy by 28.5% during the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock worth $365,201,000 after purchasing an additional 1,023,646 shares during the period. Finally, Swiss National Bank boosted its position in Duke Energy by 2.4% during the second quarter. Swiss National Bank now owns 3,098,691 shares of the utilities provider’s stock worth $245,044,000 after purchasing an additional 73,200 shares during the period. Hedge funds and other institutional investors own 58.85% of the company’s stock.

A number of brokerages have weighed in on DUK. Wells Fargo & Co cut their target price on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a research report on Monday. Howard Weil began coverage on shares of Duke Energy in a research report on Tuesday, July 24th. They set a “sector outperform” rating and a $85.00 target price for the company. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Morgan Stanley increased their target price on shares of Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. Finally, Guggenheim reiterated a “buy” rating and set a $85.00 target price on shares of Duke Energy in a research report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $84.00.

DUK stock opened at $84.33 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.66 and a quick ratio of 0.41. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.80. The company has a market capitalization of $58.83 billion, a PE ratio of 18.45, a PEG ratio of 3.48 and a beta of -0.06.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. Duke Energy had a net margin of 11.98% and a return on equity of 8.07%. The company had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.59 billion. During the same period last year, the business earned $1.59 earnings per share. Duke Energy’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts predict that Duke Energy Corp will post 4.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be given a $0.9275 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.40%. Duke Energy’s dividend payout ratio (DPR) is currently 81.18%.

In related news, COO Dhiaa M. Jamil sold 4,279 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total value of $348,909.66. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Dhiaa M. Jamil sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $80.98, for a total transaction of $566,860.00. Following the completion of the sale, the chief operating officer now directly owns 4,279 shares in the company, valued at $346,513.42. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.

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About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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

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