Zurich Insurance Group Ltd FI Has $8.08 Million Holdings in Duke Energy Corporation (DUK)

Zurich Insurance Group Ltd FI lowered its position in Duke Energy Corporation (NYSE:DUK) by 19.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,621 shares of the utilities provider’s stock after selling 23,807 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Duke Energy Corporation were worth $8,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in DUK. Financial Advisory Service Inc. increased its stake in shares of Duke Energy Corporation by 0.3% during the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock valued at $562,000 after acquiring an additional 17 shares during the period. Valley National Advisers Inc. increased its stake in shares of Duke Energy Corporation by 0.7% during the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 18 shares during the period. Accredited Investors Inc. increased its stake in shares of Duke Energy Corporation by 0.7% during the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 19 shares during the period. Hayek Kallen Investment Management increased its stake in shares of Duke Energy Corporation by 0.5% during the first quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 19 shares during the period. Finally, Hodges Capital Management Inc. increased its stake in shares of Duke Energy Corporation by 0.3% during the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock valued at $594,000 after acquiring an additional 19 shares during the period. Institutional investors own 56.29% of the company’s stock.

Duke Energy Corporation (DUK) opened at $88.89 on Monday. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $89.74. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The company has a market cap of $62,220.83, a P/E ratio of 19.98, a P/E/G ratio of 4.86 and a beta of 0.26.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is 117.49%.

A number of research firms recently commented on DUK. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Bank of America Corporation reiterated a “neutral” rating and set a $92.00 price objective on shares of Duke Energy Corporation in a research note on Tuesday, October 24th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $88.00 price objective on shares of Duke Energy Corporation in a research note on Thursday, October 12th. Finally, Morgan Stanley raised their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $86.90.

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Duke Energy Corporation Profile

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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