Israel Discount Bank of New York GFN purchased a new stake in shares of Duke Energy Corp (NYSE:DUK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,012 shares of the utilities provider’s stock, valued at approximately $234,000.
Several other institutional investors also recently modified their holdings of DUK. Van Hulzen Asset Management LLC boosted its stake in Duke Energy Corp by 2.4% in the third quarter. Van Hulzen Asset Management LLC now owns 1,262 shares of the utilities provider’s stock valued at $101,000 after buying an additional 29 shares during the period. Sunbelt Securities Inc. acquired a new stake in Duke Energy Corp during the fourth quarter valued at approximately $118,000. Tower Research Capital LLC TRC acquired a new stake in Duke Energy Corp during the third quarter valued at approximately $149,000. Mark Sheptoff Financial Planning LLC boosted its stake in Duke Energy Corp by 11.4% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 1,960 shares of the utilities provider’s stock valued at $157,000 after buying an additional 200 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Duke Energy Corp by 69.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,116 shares of the utilities provider’s stock valued at $169,000 after buying an additional 866 shares during the period. Hedge funds and other institutional investors own 57.01% of the company’s stock.
Shares of Duke Energy Corp (NYSE:DUK) traded up 0.22% during mid-day trading on Friday, reaching $82.21. The company had a trading volume of 2,471,072 shares. Duke Energy Corp has a 52 week low of $72.34 and a 52 week high of $87.75. The stock has a 50 day moving average of $82.09 and a 200-day moving average of $78.45. The company has a market capitalization of $57.51 billion, a price-to-earnings ratio of 26.35 and a beta of 0.14.
Duke Energy Corp (NYSE:DUK) last posted its earnings results on Thursday, February 16th. The utilities provider reported $0.81 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.81. Duke Energy Corp had a return on equity of 8.20% and a net margin of 12.27%. The business had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. On average, analysts expect that Duke Energy Corp will post $4.62 earnings per share for the current fiscal year.
DUK has been the topic of several recent analyst reports. Vetr cut Duke Energy Corp from a “hold” rating to a “sell” rating and set a $73.00 price objective on the stock. in a research report on Tuesday, December 27th. Barclays PLC reaffirmed a “neutral” rating on shares of Duke Energy Corp in a research report on Sunday, February 19th. Citigroup Inc cut Duke Energy Corp from a “neutral” rating to a “sell” rating and set a $69.00 price objective on the stock. in a research report on Wednesday, January 11th. Credit Suisse Group AG started coverage on Duke Energy Corp in a research report on Wednesday, January 25th. They issued a “neutral” rating and a $81.00 target price on the stock. Finally, Zacks Investment Research cut Duke Energy Corp from a “hold” rating to a “sell” rating in a research report on Monday, February 13th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.31.
In related news, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $81.78, for a total value of $817,800.00. Following the transaction, the executive vice president now owns 37,175 shares in the company, valued at approximately $3,040,171.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William E. Jr. Currens sold 600 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $82.10, for a total value of $49,260.00. Following the completion of the transaction, the senior vice president now owns 5,677 shares in the company, valued at approximately $466,081.70. The disclosure for this sale can be found here. Insiders have sold 35,600 shares of company stock worth $2,915,710 in the last quarter. Insiders own 0.08% of the company’s stock.
About Duke Energy Corp
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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