Duke Energy Corp (NYSE:DUK) Shares Purchased by Taylor Hoffman Wealth Management

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Taylor Hoffman Wealth Management increased its position in shares of Duke Energy Corp (NYSE:DUK) by 6.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 22,033 shares of the utilities provider’s stock after acquiring an additional 1,361 shares during the quarter. Duke Energy makes up 1.5% of Taylor Hoffman Wealth Management’s portfolio, making the stock its 15th biggest holding. Taylor Hoffman Wealth Management’s holdings in Duke Energy were worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DUK. Invesco Ltd. increased its position in Duke Energy by 43.9% during the second quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock worth $1,033,443,000 after purchasing an additional 3,574,870 shares during the last quarter. Vanguard Group Inc. increased its position in Duke Energy by 1.9% during the second quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock worth $5,286,827,000 after purchasing an additional 1,102,963 shares during the last quarter. BlackRock Inc. increased its position in Duke Energy by 1.8% during the second quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock worth $4,450,250,000 after purchasing an additional 888,787 shares during the last quarter. California Public Employees Retirement System increased its position in Duke Energy by 19.9% during the second quarter. California Public Employees Retirement System now owns 5,267,847 shares of the utilities provider’s stock worth $464,835,000 after purchasing an additional 873,282 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its position in shares of Duke Energy by 4,030.8% during the second quarter. Balyasny Asset Management LLC now owns 727,722 shares of the utilities provider’s stock valued at $64,214,000 after acquiring an additional 710,105 shares during the last quarter. Hedge funds and other institutional investors own 60.32% of the company’s stock.

Shares of DUK traded down $2.63 during trading on Friday, reaching $89.95. 6,023,566 shares of the company traded hands, compared to its average volume of 3,026,935. Duke Energy Corp has a twelve month low of $82.46 and a twelve month high of $97.37. The stock has a market cap of $67.87 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 3.84 and a beta of 0.07. The stock has a 50-day simple moving average of $95.22 and a 200-day simple moving average of $90.74. The company has a quick ratio of 0.47, a current ratio of 0.71 and a debt-to-equity ratio of 1.26.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.10. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The business had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same period last year, the business earned $1.65 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts predict that Duke Energy Corp will post 4.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Thursday, November 14th. Duke Energy’s payout ratio is 80.08%.

In other news, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $91.05, for a total value of $154,785.00. Following the completion of the transaction, the senior vice president now owns 4,891 shares of the company’s stock, valued at $445,325.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Lloyd M. Yates sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $90.81, for a total transaction of $1,816,200.00. Following the completion of the transaction, the executive vice president now directly owns 41,154 shares of the company’s stock, valued at approximately $3,737,194.74. The disclosure for this sale can be found here. In the last three months, insiders sold 26,802 shares of company stock valued at $2,443,654. Insiders own 0.09% of the company’s stock.

A number of equities research analysts have weighed in on DUK shares. Credit Suisse Group lifted their price target on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Citigroup dropped their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. SunTrust Banks set a $96.00 price target on shares of Duke Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Finally, Morgan Stanley lifted their price target on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $95.00.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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

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