Duke Energy Corp (NYSE:DUK) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group grew its holdings in Duke Energy Corp (NYSE:DUK) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 368,628 shares of the utilities provider’s stock after acquiring an additional 37,353 shares during the quarter. Schroder Investment Management Group owned 0.05% of Duke Energy worth $29,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Landaas & Co. WI ADV purchased a new position in Duke Energy during the second quarter valued at approximately $110,000. Kaizen Advisory LLC raised its position in Duke Energy by 125.8% during the second quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 858 shares in the last quarter. AdvisorNet Financial Inc raised its position in Duke Energy by 137.3% during the second quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock valued at $137,000 after acquiring an additional 1,002 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Duke Energy during the second quarter valued at approximately $140,000. Finally, Creative Financial Designs Inc. ADV raised its position in Duke Energy by 48.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,164 shares of the utilities provider’s stock valued at $171,000 after acquiring an additional 707 shares in the last quarter. 58.70% of the stock is owned by institutional investors and hedge funds.

Duke Energy stock opened at $82.14 on Tuesday. The company has a market capitalization of $57.00 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 3.65 and a beta of 0.03. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.80. 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 (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.08). The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.61 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 earnings per share. As a group, equities analysts predict that Duke Energy Corp will post 4.72 EPS for the current fiscal year.

Several brokerages recently weighed in on DUK. Morgan Stanley reduced their price target on Duke Energy from $91.00 to $85.00 and set a “hold” rating for the company in a research report on Friday, September 21st. JPMorgan Chase & Co. upgraded Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 price target for the company in a research report on Monday, July 23rd. ValuEngine upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Guggenheim reiterated a “buy” rating and set a $86.00 price target on shares of Duke Energy in a research report on Friday, August 17th. Finally, Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $84.06.

In other news, EVP Melissa H. Anderson sold 500 shares of Duke Energy stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $81.76, for a total value of $40,880.00. Following the sale, the executive vice president now directly owns 15,096 shares of the company’s stock, valued at $1,234,248.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Dhiaa M. Jamil sold 7,000 shares of Duke Energy stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $80.98, for a total value 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. Insiders sold 11,779 shares of company stock worth $956,650 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Duke Energy Profile

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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