Today, Duke Energy Corp. (DUK) Position Increased by KBC Group NV

Today, Duke Energy Corp. (DUK) Position Increased by KBC Group NV
KBC Group NV boosted its stake in shares of Duke Energy Corp. (NYSE:DUK) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 427,177 shares of the company’s stock after buying an additional 21,461 shares during the period. KBC Group NV owned about 0.06% of Duke Energy Corp. worth $34,191,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DUK. Victory Capital Management Inc. raised its position in Duke Energy Corp. by 48.0% in the third quarter. Victory Capital Management Inc. now owns 82,907 shares of the company’s stock valued at $6,636,000 after buying an additional 26,905 shares during the last quarter. First National Trust Co. raised its position in Duke Energy Corp. by 5.3% in the third quarter. First National Trust Co. now owns 49,394 shares of the company’s stock valued at $3,954,000 after buying an additional 2,491 shares during the last quarter. Dividend Assets Capital LLC purchased a new position in Duke Energy Corp. during the third quarter valued at $217,000. Alps Advisors Inc. raised its position in Duke Energy Corp. by 22.3% in the third quarter. Alps Advisors Inc. now owns 396,404 shares of the company’s stock valued at $31,728,000 after buying an additional 72,350 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in Duke Energy Corp. by 41.7% in the third quarter. Neuberger Berman Group LLC now owns 76,200 shares of the company’s stock valued at $6,099,000 after buying an additional 22,417 shares during the last quarter. Institutional investors own 56.89% of the company’s stock.

Duke Energy Corp. (NYSE:DUK) traded up 1.10% on Friday, hitting $74.35. 1,972,203 shares of the company were exchanged. The stock has a market cap of $51.22 billion, a PE ratio of 17.99 and a beta of 0.13. The firm has a 50 day moving average of $76.95 and a 200-day moving average of $80.61. Duke Energy Corp. has a 52-week low of $65.50 and a 52-week high of $87.75.

Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings data on Friday, November 4th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.10. Duke Energy Corp. had a net margin of 12.27% and a return on equity of 8.20%. The company earned $6.43 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts expect that Duke Energy Corp. will post $4.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, November 18th will be paid a dividend of $0.855 per share. This represents a $3.42 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Wednesday, November 16th. Duke Energy Corp.’s dividend payout ratio is presently 82.61%.

Several equities analysts have weighed in on the stock. Bank of America Corp. lowered shares of Duke Energy Corp. from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $78.00 to $69.00 in a report on Tuesday. They noted that the move was a valuation call. Scotiabank restated a “sector perform” rating and issued a $83.00 price objective (down from $88.00) on shares of Duke Energy Corp. in a report on Monday, November 7th. Howard Weil decreased their price objective on shares of Duke Energy Corp. from $88.00 to $83.00 and set a “sector perform” rating on the stock in a report on Monday, November 7th. Argus restated a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, October 4th. Finally, Citigroup Inc. decreased their price objective on shares of Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $79.73.

In other news, Director John H. Forsgren acquired 1,000 shares of Duke Energy Corp. stock in a transaction on Wednesday, November 9th. The stock was bought at an average cost of $77.80 per share, with a total value of $77,800.00. Following the completion of the purchase, the director now owns 1,165 shares of the company’s stock, valued at $90,637. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Frank H. Yoho acquired 14,850 shares of Duke Energy Corp. stock in a transaction on Friday, November 18th. The shares were purchased at an average cost of $74.00 per share, with a total value of $1,098,900.00. Following the completion of the purchase, the executive vice president now directly owns 23,687 shares of the company’s stock, valued at approximately $1,752,838. The disclosure for this purchase can be found here. Company insiders own 0.08% of the company’s stock.

Duke Energy Corp. Company Profile

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