Stanley Laman Group Ltd. cut its position in Duke Energy Corporation (NYSE:DUK) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,488 shares of the utilities provider’s stock after selling 525 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Duke Energy Corporation were worth $2,465,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in DUK. Winfield Associates Inc. boosted its position in shares of Duke Energy Corporation by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 165 shares during the period. Jolley Asset Management LLC boosted its position in shares of Duke Energy Corporation by 26.4% in the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in shares of Duke Energy Corporation in the 2nd quarter valued at about $130,000. Advantage Investment Management LLC boosted its position in shares of Duke Energy Corporation by 37.4% in the 1st quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 462 shares during the period. Finally, Jacobi Capital Management LLC boosted its position in shares of Duke Energy Corporation by 104.1% in the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after purchasing an additional 1,010 shares during the period. 56.22% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the transaction, the executive vice president now directly owns 50,316 shares in the company, valued at $4,338,245.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.07% of the company’s stock.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 86.39 on Thursday. The firm has a market capitalization of $60.47 billion, a PE ratio of 25.59 and a beta of 0.24. The stock has a 50 day moving average price of $86.04 and a 200 day moving average price of $84.75. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Analysts predict that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and issued a $87.00 target price (up from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Zacks Investment Research raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Tuesday, July 11th. Morgan Stanley upped their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Deutsche Bank AG reissued a “hold” rating and issued a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Finally, BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $83.31.
Duke Energy Corporation Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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