United Capital Management of KS Inc. Raises Position in Duke Energy Corp (NYSE:DUK)

United Capital Management of KS Inc. boosted its stake in Duke Energy Corp (NYSE:DUK) by 3.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,219 shares of the utilities provider’s stock after buying an additional 428 shares during the quarter. United Capital Management of KS Inc.’s holdings in Duke Energy were worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CWM LLC increased its stake in shares of Duke Energy by 66.6% during the second quarter. CWM LLC now owns 168,361 shares of the utilities provider’s stock valued at $14,856,000 after purchasing an additional 67,306 shares in the last quarter. Capital Financial Planning LLC increased its stake in shares of Duke Energy by 869.5% during the second quarter. Capital Financial Planning LLC now owns 3,277 shares of the utilities provider’s stock valued at $289,000 after purchasing an additional 2,939 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Duke Energy by 0.5% during the second quarter. Janney Montgomery Scott LLC now owns 287,050 shares of the utilities provider’s stock valued at $25,329,000 after purchasing an additional 1,535 shares in the last quarter. Redwood Investment Management LLC bought a new stake in shares of Duke Energy during the first quarter valued at approximately $274,000. Finally, Meridian Financial Partners LLC increased its position in shares of Duke Energy by 16.7% during the third quarter. Meridian Financial Partners LLC now owns 5,915 shares of the utilities provider’s stock valued at $560,000 after acquiring an additional 845 shares in the last quarter. Institutional investors and hedge funds own 60.32% of the company’s stock.

Several brokerages recently weighed in on DUK. Morgan Stanley raised their price target on shares of Duke Energy from $93.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price target for the company. in a research report on Wednesday, June 26th. Citigroup reduced their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Barclays reduced their price target on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 18th. Finally, Credit Suisse Group raised their price target on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $94.11.

In other Duke Energy news, EVP Douglas F. Esamann sold 4,430 shares of Duke Energy stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $92.44, for a total value of $409,509.20. Following the completion of the sale, the executive vice president now owns 64,722 shares of the company’s stock, valued at approximately $5,982,901.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Dwight L. Jacobs sold 1,700 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $91.05, for a total transaction of $154,785.00. Following the completion of the sale, the senior vice president now directly owns 4,891 shares of the company’s stock, valued at approximately $445,325.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,581 shares of company stock valued at $2,422,653. 0.09% of the stock is currently owned by insiders.

Shares of DUK traded up $0.11 on Tuesday, hitting $95.24. 85,421 shares of the stock traded hands, compared to its average volume of 2,729,469. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.47 and a current ratio of 0.71. Duke Energy Corp has a one year low of $79.71 and a one year high of $97.37. The company has a market capitalization of $69.92 billion, a PE ratio of 20.18, a P/E/G ratio of 3.93 and a beta of 0.09. The business has a 50 day simple moving average of $94.64 and a 200 day simple moving average of $90.17.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. On average, equities analysts expect that Duke Energy Corp will post 4.98 earnings per share for the current year.

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

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