Global X Management Co LLC cut its stake in shares of Duke Energy Corp (NYSE:DUK) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,487 shares of the utilities provider’s stock after selling 3,202 shares during the period. Global X Management Co LLC’s holdings in Duke Energy were worth $9,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Wagner Wealth Management LLC grew its stake in Duke Energy by 28.9% in the second quarter. Wagner Wealth Management LLC now owns 2,753 shares of the utilities provider’s stock worth $218,000 after purchasing an additional 617 shares in the last quarter. Providence Capital Advisors LLC grew its stake in Duke Energy by 4.4% in the second quarter. Providence Capital Advisors LLC now owns 14,905 shares of the utilities provider’s stock worth $1,179,000 after purchasing an additional 625 shares in the last quarter. Benedict Financial Advisors Inc. grew its stake in Duke Energy by 2.2% in the second quarter. Benedict Financial Advisors Inc. now owns 30,329 shares of the utilities provider’s stock worth $2,398,000 after purchasing an additional 650 shares in the last quarter. Shoker Investment Counsel Inc. grew its stake in Duke Energy by 9.8% in the second quarter. Shoker Investment Counsel Inc. now owns 7,440 shares of the utilities provider’s stock worth $588,000 after purchasing an additional 661 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. boosted its position in Duke Energy by 0.8% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 80,749 shares of the utilities provider’s stock valued at $6,386,000 after acquiring an additional 667 shares in the last quarter. Institutional investors and hedge funds own 58.70% of the company’s stock.
Several analysts have issued reports on the company. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. ValuEngine raised Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Howard Weil began coverage on Duke Energy in a research report on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 price objective for the company. Morgan Stanley raised their price objective on Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. Finally, Guggenheim restated a “buy” rating and issued a $85.00 target price on shares of Duke Energy in a research note on Monday, July 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $84.06.
Shares of NYSE:DUK traded up $0.01 during trading on Friday, reaching $79.99. 5,818,484 shares of the company’s stock traded hands, compared to its average volume of 3,801,216. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.80. The company has a quick ratio of 0.41, a current ratio of 0.66 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $57.00 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 3.65 and a beta of 0.03.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.08). Duke Energy had a return on equity of 7.92% and a net margin of 11.52%. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts expect that Duke Energy Corp will post 4.72 earnings per share for the current fiscal year.
In other news, EVP Melissa H. Anderson sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $81.76, for a total transaction of $40,880.00. Following the transaction, the executive vice president now directly owns 15,096 shares in the company, valued at approximately $1,234,248.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Dhiaa M. Jamil sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $80.98, for a total value of $566,860.00. Following the transaction, the chief operating officer now owns 4,279 shares in the company, valued at $346,513.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,779 shares of company stock worth $956,650. 0.08% of the stock is currently owned by insiders.
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; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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