Bellecapital International Ltd. decreased its position in shares of Duke Energy Corp (NYSE:DUK) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,064 shares of the utilities provider’s stock after selling 919 shares during the quarter. Bellecapital International Ltd.’s holdings in Duke Energy were worth $891,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in Duke Energy during the 1st quarter worth approximately $79,000. Public Employees Retirement Association of Colorado increased its holdings in shares of Duke Energy by 11.3% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 137,697 shares of the utilities provider’s stock worth $11,137,000 after buying an additional 13,986 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Duke Energy by 59.2% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,798 shares of the utilities provider’s stock worth $1,440,000 after buying an additional 6,618 shares during the last quarter. Balyasny Asset Management LLC bought a new position in shares of Duke Energy in the 1st quarter worth $3,508,000. Finally, Maverick Capital Ltd. purchased a new stake in shares of Duke Energy in the 1st quarter valued at $219,000. Institutional investors own 63.79% of the company’s stock.
Shares of NYSE:DUK traded up $0.41 on Friday, hitting $92.37. The company had a trading volume of 2,811,176 shares, compared to its average volume of 3,877,012. The firm’s 50-day simple moving average is $85.06 and its two-hundred day simple moving average is $84.04. Duke Energy Corp has a 1 year low of $62.13 and a 1 year high of $103.79. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $67.93 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 4.31 and a beta of 0.23.
Duke Energy (NYSE:DUK) last posted its earnings results on Monday, August 10th. The utilities provider reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.05. Duke Energy had a net margin of 8.76% and a return on equity of 8.10%. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same period last year, the company posted $1.12 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities research analysts anticipate that Duke Energy Corp will post 5.08 EPS for the current year.
DUK has been the subject of a number of research reports. Credit Suisse Group cut shares of Duke Energy from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $88.00 to $93.00 in a research note on Thursday. BofA Securities raised shares of Duke Energy from a “neutral” rating to a “buy” rating and cut their price objective for the company from $87.00 to $85.00 in a research note on Wednesday, September 9th. Scotiabank cut shares of Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 price objective for the company. in a research note on Thursday, October 1st. Bank of America raised shares of Duke Energy from a “neutral” rating to a “buy” rating and cut their price objective for the company from $87.00 to $85.00 in a research note on Wednesday, September 9th. Finally, Morgan Stanley cut their price objective on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $92.81.
Duke Energy Company 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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