Comerica Bank Acquires 11,090 Shares of Duke Energy Co. (NYSE:DUK)


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Comerica Bank lifted its stake in Duke Energy Co. (NYSE:DUK) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,540 shares of the utilities provider’s stock after purchasing an additional 11,090 shares during the quarter. Comerica Bank’s holdings in Duke Energy were worth $22,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of DUK. IFG Advisory LLC grew its holdings in Duke Energy by 0.5% during the 1st quarter. IFG Advisory LLC now owns 22,067 shares of the utilities provider’s stock valued at $2,130,000 after buying an additional 102 shares during the last quarter. Ausdal Financial Partners Inc. raised its position in Duke Energy by 3.4% in the 4th quarter. Ausdal Financial Partners Inc. now owns 3,301 shares of the utilities provider’s stock worth $302,000 after purchasing an additional 110 shares during the last quarter. St. Johns Investment Management Company LLC lifted its holdings in shares of Duke Energy by 54.7% in the 4th quarter. St. Johns Investment Management Company LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after buying an additional 110 shares during the period. FDx Advisors Inc. increased its position in shares of Duke Energy by 0.8% during the fourth quarter. FDx Advisors Inc. now owns 15,007 shares of the utilities provider’s stock worth $1,374,000 after acquiring an additional 112 shares in the last quarter. Finally, Western Wealth Management LLC lifted its holdings in Duke Energy by 2.2% in the 4th quarter. Western Wealth Management LLC now owns 5,347 shares of the utilities provider’s stock worth $490,000 after purchasing an additional 113 shares in the last quarter. 63.48% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Dwight L. Jacobs sold 1,802 shares of the business’s stock in a transaction dated Tuesday, February 23rd. The stock was sold at an average price of $89.35, for a total transaction of $161,008.70. Following the transaction, the senior vice president now directly owns 5,794 shares in the company, valued at $517,693.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Duke Energy stock opened at $100.71 on Tuesday. The company has a market capitalization of $77.47 billion, a PE ratio of 36.89, a PEG ratio of 4.88 and a beta of 0.23. The firm’s fifty day moving average is $97.17 and its 200 day moving average is $92.95. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 1.24. Duke Energy Co. has a 12-month low of $77.58 and a 12-month high of $101.90.

Duke Energy (NYSE:DUK) last issued its earnings results on Wednesday, February 10th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.03. Duke Energy had a net margin of 8.68% and a return on equity of 8.28%. The company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $6.22 billion. Sell-side analysts expect that Duke Energy Co. will post 5.09 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on DUK shares. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Friday, April 16th. The Goldman Sachs Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 target price on the stock. in a research report on Thursday, January 14th. KeyCorp cut their target price on shares of Duke Energy from $106.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 27th. Morgan Stanley upped their price objective on shares of Duke Energy from $101.00 to $108.00 and gave the company an “equal weight” rating in a research note on Monday, April 26th. Finally, Mizuho lifted their price objective on shares of Duke Energy from $93.00 to $96.00 in a research note on Monday, February 1st. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $102.00.

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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.

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

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