Virtus ETF Advisers LLC Invests $2.54 Million in Duke Energy Corp (NYSE:DUK)

Virtus ETF Advisers LLC purchased a new position in shares of Duke Energy Corp (NYSE:DUK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,760 shares of the utilities provider’s stock, valued at approximately $2,538,000.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Duke Energy by 2.6% during the first quarter. BlackRock Inc. now owns 49,544,716 shares of the utilities provider’s stock valued at $4,459,023,000 after purchasing an additional 1,274,643 shares during the period. Geode Capital Management LLC increased its position in shares of Duke Energy by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock valued at $771,079,000 after purchasing an additional 750,534 shares during the period. California Public Employees Retirement System increased its position in shares of Duke Energy by 19.7% during the first quarter. California Public Employees Retirement System now owns 4,394,565 shares of the utilities provider’s stock valued at $395,511,000 after purchasing an additional 724,378 shares during the period. Northern Trust Corp increased its position in shares of Duke Energy by 6.1% during the second quarter. Northern Trust Corp now owns 9,852,985 shares of the utilities provider’s stock valued at $869,427,000 after purchasing an additional 566,287 shares during the period. Finally, Mondrian Investment Partners LTD increased its position in shares of Duke Energy by 48,409.6% during the second quarter. Mondrian Investment Partners LTD now owns 529,240 shares of the utilities provider’s stock valued at $46,700,000 after purchasing an additional 528,149 shares during the period. Institutional investors own 60.27% of the company’s stock.

NYSE:DUK traded down $1.05 during trading hours on Friday, reaching $93.91. The company had a trading volume of 181,371 shares, compared to its average volume of 2,561,154. The stock has a 50-day moving average of $90.36 and a two-hundred day moving average of $89.29. Duke Energy Corp has a one year low of $78.00 and a one year high of $95.70. The firm has a market capitalization of $69.19 billion, a PE ratio of 19.90, a PEG ratio of 3.86 and a beta of 0.09. The company has a quick ratio of 0.47, a current ratio of 0.71 and a debt-to-equity ratio of 1.26.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.14. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that Duke Energy Corp will post 4.99 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be paid a $0.945 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.78 dividend on an annualized basis and a yield of 4.03%. This is a positive change from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s payout ratio is currently 80.08%.

A number of research firms have recently issued reports on DUK. Credit Suisse Group boosted their price objective on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday. SunTrust Banks set a $96.00 price objective on Duke Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Barclays lowered their price objective on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 18th. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. set a $90.00 price objective on Duke Energy and gave the company a “hold” rating in a research report on Monday, May 20th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Duke Energy has an average rating of “Hold” and a consensus price target of $92.44.

In other Duke Energy news, EVP Douglas F. Esamann sold 4,430 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $92.44, for a total value of $409,509.20. Following the transaction, the executive vice president now owns 64,722 shares of the company’s stock, valued at $5,982,901.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Dwight L. Jacobs sold 1,700 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $91.05, for a total value of $154,785.00. Following the completion of the transaction, the senior vice president now directly owns 4,891 shares in the company, valued at approximately $445,325.55. The disclosure for this sale can be found here. In the last three months, insiders sold 26,362 shares of company stock worth $2,401,576. Insiders own 0.09% of the company’s stock.

About Duke Energy

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

See Also: FAANG Stocks

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.