Duke Energy Corporation (DUK) Position Raised by Flinton Capital Management LLC

Flinton Capital Management LLC boosted its position in shares of Duke Energy Corporation (NYSE:DUK) by 279.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,660 shares of the utilities provider’s stock after purchasing an additional 48,356 shares during the period. Flinton Capital Management LLC’s holdings in Duke Energy Corporation were worth $5,488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Optimum Investment Advisors grew its holdings in Duke Energy Corporation by 5.2% during the 2nd quarter. Optimum Investment Advisors now owns 8,623 shares of the utilities provider’s stock valued at $721,000 after purchasing an additional 424 shares in the last quarter. AHL Partners LLP grew its holdings in Duke Energy Corporation by 39.0% during the 2nd quarter. AHL Partners LLP now owns 14,609 shares of the utilities provider’s stock worth $1,221,000 after acquiring an additional 4,100 shares in the last quarter. First City Capital Management Inc. grew its holdings in Duke Energy Corporation by 0.4% during the 2nd quarter. First City Capital Management Inc. now owns 20,589 shares of the utilities provider’s stock worth $1,721,000 after acquiring an additional 78 shares in the last quarter. Guardian Capital LP grew its holdings in Duke Energy Corporation by 10.7% during the 2nd quarter. Guardian Capital LP now owns 158,230 shares of the utilities provider’s stock worth $13,226,000 after acquiring an additional 15,276 shares in the last quarter. Finally, Sun Life Financial INC grew its holdings in Duke Energy Corporation by 2,803.2% during the 2nd quarter. Sun Life Financial INC now owns 8,216 shares of the utilities provider’s stock worth $687,000 after acquiring an additional 7,933 shares in the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

Duke Energy Corporation (NYSE DUK) opened at $89.88 on Tuesday. The stock has a market cap of $62,220.83, a P/E ratio of 19.98, a PEG ratio of 4.86 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 Corporation has a 52 week low of $72.34 and a 52 week high of $90.22.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 117.49%.

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DUK has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. SunTrust Banks, Inc. reissued a “hold” rating and set a $87.00 price objective on shares of Duke Energy Corporation in a report on Wednesday, October 4th. J P Morgan Chase & Co raised their price objective on shares of Duke Energy Corporation from $83.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. BidaskClub raised shares of Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Morgan Stanley raised their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. Duke Energy Corporation presently has an average rating of “Hold” and an average target price of $86.90.

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.

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

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