Royal London Asset Management Ltd. acquired a new position in shares of Duke Energy Corp (NYSE:DUK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 290,394 shares of the utilities provider’s stock, valued at approximately $22,966,000.
A number of other institutional investors have also recently added to or reduced their stakes in DUK. Neuberger Berman Group LLC increased its position in Duke Energy by 15.7% during the first quarter. Neuberger Berman Group LLC now owns 394,654 shares of the utilities provider’s stock worth $30,612,000 after purchasing an additional 53,453 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Duke Energy during the first quarter valued at about $721,000. Glen Harbor Capital Management LLC increased its position in shares of Duke Energy by 9.2% during the first quarter. Glen Harbor Capital Management LLC now owns 41,600 shares of the utilities provider’s stock valued at $3,223,000 after acquiring an additional 3,520 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Duke Energy by 9.2% during the first quarter. Candriam Luxembourg S.C.A. now owns 56,262 shares of the utilities provider’s stock valued at $4,359,000 after acquiring an additional 4,751 shares during the last quarter. Finally, Lido Advisors LLC increased its position in shares of Duke Energy by 34.2% during the first quarter. Lido Advisors LLC now owns 8,275 shares of the utilities provider’s stock valued at $641,000 after acquiring an additional 2,111 shares during the last quarter. Hedge funds and other institutional investors own 58.70% of the company’s stock.
A number of equities research analysts have weighed in on DUK shares. Barclays started coverage on shares of Duke Energy in a research report on Tuesday, July 10th. They set an “equal weight” rating and a $86.00 price target for the company. Zacks Investment Research cut shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Howard Weil started coverage on shares of Duke Energy in a research report on Tuesday, July 24th. They set a “sector outperform” rating and a $85.00 price target for the company. Scotiabank started coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They issued a “buy” rating and a $85.00 price objective for the company. Finally, Wells Fargo & Co raised their price objective on shares of Duke Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a research note on Monday, September 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Duke Energy has a consensus rating of “Hold” and a consensus target price of $84.06.
In other news, COO Dhiaa M. Jamil sold 4,279 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total transaction of $348,909.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Melissa H. Anderson sold 500 shares of Duke Energy stock in a transaction on Monday, August 6th. The shares were sold at an average price of $81.76, for a total transaction of $40,880.00. Following the completion of the transaction, the executive vice president now directly owns 15,096 shares in the company, valued at $1,234,248.96. The disclosure for this sale can be found here. Insiders have sold a total of 11,779 shares of company stock valued at $956,650 in the last 90 days. Insiders own 0.08% of the company’s stock.
Duke Energy stock traded up $0.01 during trading on Friday, reaching $79.99. The stock had a trading volume of 5,818,484 shares, compared to its average volume of 3,801,216. Duke Energy Corp has a 52-week low of $71.96 and a 52-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 company has a market capitalization of $57.00 billion, a P/E ratio of 17.50, a P/E/G ratio of 3.65 and a beta of 0.03.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.08). The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.61 billion. Duke Energy had a return on equity of 7.92% and a net margin of 11.52%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. As a group, research analysts anticipate that Duke Energy Corp will post 4.72 earnings per share for the current fiscal year.
About Duke Energy
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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