Leavell Investment Management Inc. lessened its holdings in shares of Duke Energy Corp (NYSE:DUK) by 1.1% in the first quarter, Holdings Channel reports. The fund owned 55,837 shares of the utilities provider’s stock after selling 631 shares during the period. Leavell Investment Management Inc.’s holdings in Duke Energy were worth $5,025,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of DUK. Vanguard Group Inc lifted its position in Duke Energy by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock worth $4,355,880,000 after buying an additional 1,539,841 shares during the last quarter. BlackRock Inc. lifted its position in Duke Energy by 2.6% in the 4th quarter. BlackRock Inc. now owns 48,270,073 shares of the utilities provider’s stock worth $4,165,706,000 after buying an additional 1,226,657 shares during the last quarter. Northern Trust Corp lifted its position in Duke Energy by 4.7% in the 4th quarter. Northern Trust Corp now owns 9,338,113 shares of the utilities provider’s stock worth $805,879,000 after buying an additional 415,434 shares during the last quarter. Geode Capital Management LLC lifted its position in Duke Energy by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock worth $771,079,000 after buying an additional 750,534 shares during the last quarter. Finally, FMR LLC lifted its position in Duke Energy by 41.8% in the 4th quarter. FMR LLC now owns 7,411,128 shares of the utilities provider’s stock worth $639,581,000 after buying an additional 2,186,456 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.
A number of analysts recently weighed in on DUK shares. Morgan Stanley boosted their target price on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Finally, ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $85.73.
In related news, COO Dhiaa M. Jamil sold 750 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total value of $67,312.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Lynn J. Good sold 15,000 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $89.92, for a total value of $1,348,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,250 shares of company stock worth $1,900,878. 0.09% of the stock is owned by insiders.
DUK opened at $89.09 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.44 and a current ratio of 0.65. Duke Energy Corp has a 52-week low of $71.96 and a 52-week high of $91.67. The company has a market cap of $65.81 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 3.66 and a beta of 0.06.
Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.05). The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. Duke Energy’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. As a group, equities analysts anticipate that Duke Energy Corp will post 4.95 EPS for the current year.
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Duke Energy Profile
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.
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