Northern Trust Corp decreased its stake in Duke Energy Corp (NYSE:DUK) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,867,578 shares of the utilities provider’s stock after selling 120,037 shares during the period. Northern Trust Corp owned 1.24% of Duke Energy worth $701,248,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of DUK. Wagner Wealth Management LLC grew its stake in shares of Duke Energy by 28.9% during the 2nd 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 during the period. Providence Capital Advisors LLC grew its stake in shares of Duke Energy by 4.4% during the 2nd 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 during the period. Benedict Financial Advisors Inc. grew its stake in Duke Energy by 2.2% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 30,329 shares of the utilities provider’s stock valued at $2,398,000 after acquiring an additional 650 shares during the last quarter. Shoker Investment Counsel Inc. grew its stake in Duke Energy by 9.8% in the 2nd quarter. Shoker Investment Counsel Inc. now owns 7,440 shares of the utilities provider’s stock valued at $588,000 after acquiring an additional 661 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. grew its stake in Duke Energy by 0.8% in 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 during the last quarter. Institutional investors and hedge funds own 58.70% of the company’s stock.
In other news, COO Dhiaa M. Jamil sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $80.98, for a total transaction of $566,860.00. Following the completion of the sale, the chief operating officer now owns 4,279 shares of the company’s stock, valued at $346,513.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melissa H. Anderson sold 500 shares of the firm’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 sale, the executive vice president now directly owns 15,096 shares of the company’s stock, valued at approximately $1,234,248.96. The disclosure for this sale can be found here. Insiders have sold 11,779 shares of company stock worth $956,650 in the last quarter. Insiders own 0.08% of the company’s stock.
NYSE DUK traded up $0.01 during mid-day trading on Friday, hitting $79.99. The company’s stock had a trading volume of 5,818,484 shares, compared to its average volume of 3,801,216. The firm has a market capitalization of $57.00 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 3.65 and a beta of 0.03. Duke Energy Corp has a 52-week low of $71.96 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.66.
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 analysts’ consensus estimates of $1.01 by ($0.08). The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.61 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 EPS. Sell-side analysts forecast that Duke Energy Corp will post 4.72 EPS for the current fiscal year.
A number of equities research analysts recently commented on DUK shares. Howard Weil started coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 price objective on the stock. Zacks Investment Research cut shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Wells Fargo & Co raised their price target on shares of Duke Energy from $86.00 to $89.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Morgan Stanley decreased their price target on shares of Duke Energy from $91.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, September 21st. Finally, ValuEngine raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $84.06.
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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