Leavell Investment Management Inc. lowered its holdings in Duke Energy Co. (NYSE:DUK) by 1.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,254 shares of the utilities provider’s stock after selling 537 shares during the quarter. Leavell Investment Management Inc.’s holdings in Duke Energy were worth $4,465,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in DUK. Ausdal Financial Partners Inc. raised its holdings 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 valued at $302,000 after buying an additional 110 shares during the period. St. Johns Investment Management Company LLC increased its holdings in 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 valued at $28,000 after purchasing an additional 110 shares during the last quarter. FDx Advisors Inc. raised its position in Duke Energy by 0.8% in the fourth quarter. FDx Advisors Inc. now owns 15,007 shares of the utilities provider’s stock valued at $1,374,000 after purchasing an additional 112 shares during the period. Western Wealth Management LLC grew its stake in shares of Duke Energy by 2.2% in the fourth quarter. Western Wealth Management LLC now owns 5,347 shares of the utilities provider’s stock valued at $490,000 after buying an additional 113 shares in the last quarter. Finally, Wiley BROS. Aintree Capital LLC raised its holdings in shares of Duke Energy by 3.0% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 4,010 shares of the utilities provider’s stock valued at $387,000 after buying an additional 118 shares during the period. 63.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of DUK traded up $0.92 during mid-day trading on Friday, reaching $100.67. 3,820,931 shares of the company’s stock were exchanged, compared to its average volume of 3,279,604. The business’s fifty day simple moving average is $93.19 and its 200-day simple moving average is $92.20. The stock has a market capitalization of $77.44 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 4.88 and a beta of 0.23. Duke Energy Co. has a 52-week low of $77.58 and a 52-week high of $99.89. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.52 and a quick ratio of 0.33.
Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Wednesday, February 10th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $6.22 billion. Duke Energy had a net margin of 8.68% and a return on equity of 8.28%. Equities research analysts predict that Duke Energy Co. will post 5.09 earnings per share for the current year.
In other news, SVP Dwight L. Jacobs sold 1,802 shares of the stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of $89.35, for a total transaction of $161,008.70. Following the completion of the transaction, the senior vice president now directly owns 5,794 shares of the company’s stock, valued at approximately $517,693.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.
DUK has been the subject of several research reports. Wells Fargo & Company lifted their target price on Duke Energy from $97.00 to $104.00 and gave the company an “equal weight” rating in a research report on Wednesday. Morgan Stanley upped their target price on shares of Duke Energy from $99.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 25th. The Goldman Sachs Group cut shares of Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 price target for the company. in a research report on Thursday, January 14th. Bank of America cut Duke Energy from a “buy” rating to a “neutral” rating and set a $94.00 price objective on the stock. in a research note on Friday, February 12th. Finally, Mizuho boosted their target price on Duke Energy from $93.00 to $96.00 in a research note on Monday, February 1st. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $101.09.
Duke Energy Company 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.
Featured Article: What is the price-to-earnings growth (PEG) ratio?
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUK).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.