The Quantbot Technologies LP invests in Duke Energy Corp. (DUK) Shares

The Quantbot Technologies LP invests in Duke Energy Corp. (DUK) Shares

Quantbot Technologies LP boosted its position in shares of Duke Energy Corp. (NYSE:DUK) by 2,874.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,020 shares of the company’s stock after buying an additional 27,078 shares during the period. Quantbot Technologies LP’s holdings in Duke Energy Corp. were worth $2,403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DUK. Concorde Asset Management LLC increased its position in Duke Energy Corp. by 0.4% in the second quarter. Concorde Asset Management LLC now owns 2,538 shares of the company’s stock worth $217,000 after buying an additional 10 shares in the last quarter. Verus Financial Partners Inc. increased its stake in shares of Duke Energy Corp. by 0.3% in the second quarter. Verus Financial Partners Inc. now owns 3,718 shares of the company’s stock worth $319,000 after buying an additional 11 shares in the last quarter. BKD Wealth Advisors LLC increased its stake in shares of Duke Energy Corp. by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 3,338 shares of the company’s stock worth $286,000 after buying an additional 14 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Duke Energy Corp. by 0.6% in the second quarter. Sequoia Financial Advisors LLC now owns 3,451 shares of the company’s stock worth $296,000 after buying an additional 19 shares in the last quarter. Finally, Parasol Investment Management LLC increased its stake in shares of Duke Energy Corp. by 2.8% in the second quarter. Parasol Investment Management LLC now owns 1,815 shares of the company’s stock worth $156,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 56.56% of the company’s stock.

Shares of Duke Energy Corp. (NYSE:DUK) traded up 0.38% during midday trading on Friday, reaching $78.72. The company had a trading volume of 1,608,778 shares. Duke Energy Corp. has a 52 week low of $65.50 and a 52 week high of $87.75. The company has a market capitalization of $54.23 billion, a P/E ratio of 20.81 and a beta of 0.13. The company’s 50 day moving average price is $78.91 and its 200-day moving average price is $80.93.

Duke Energy Corp. (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the company posted $0.95 EPS. On average, equities research analysts predict that Duke Energy Corp. will post $4.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 18th will be paid a $0.855 dividend. This represents a $3.42 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Wednesday, November 16th. Duke Energy Corp.’s dividend payout ratio (DPR) is presently 90.24%.

A number of analysts recently issued reports on DUK shares. Zacks Investment Research upgraded Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Tuesday, July 12th. Argus restated a “hold” rating on shares of Duke Energy Corp. in a research report on Wednesday, September 14th. Mizuho raised their price target on Duke Energy Corp. from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. SunTrust Banks Inc. raised their price target on Duke Energy Corp. from $82.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, September 26th. Finally, Citigroup Inc. raised their price target on Duke Energy Corp. from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.23.

In other news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total value of $253,740.00. Following the transaction, the executive vice president now owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is owned by insiders.

Duke Energy Corp. Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).

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