Smith Chas P & Associates PA Cpas grew its stake in shares of Duke Energy Corporation (NYSE:DUK) by 209.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,752 shares of the utilities provider’s stock after purchasing an additional 12,019 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Duke Energy Corporation were worth $1,484,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Winfield Associates Inc. grew its holdings in Duke Energy Corporation by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 165 shares during the period. Jolley Asset Management LLC lifted its position in shares of Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. purchased a new stake in shares of Duke Energy Corporation during the second quarter worth $130,000. Advantage Investment Management LLC lifted its position in shares of Duke Energy Corporation by 37.4% during the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 462 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Duke Energy Corporation by 84.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock worth $152,000 after acquiring an additional 848 shares in the last quarter. 56.21% of the stock is owned by hedge funds and other institutional investors.
Shares of Duke Energy Corporation (DUK) opened at 87.51 on Wednesday. The stock has a market capitalization of $61.25 billion, a PE ratio of 25.92 and a beta of 0.24. The stock’s 50 day moving average is $86.01 and its 200 day moving average is $84.83. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $88.40.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. Analysts anticipate that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
A number of research analysts recently commented on the company. Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. Morgan Stanley raised their price objective on 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. KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Finally, Citigroup Inc. raised their target price on Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $84.71.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the sale, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.07% of the company’s stock.
Duke Energy Corporation Company 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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