Tiaa Fsb raised its stake in shares of Duke Energy Corp (NYSE:DUK) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,853 shares of the utilities provider’s stock after purchasing an additional 1,396 shares during the quarter. Tiaa Fsb’s holdings in Duke Energy were worth $14,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Landaas & Co. WI ADV bought a new stake in Duke Energy during the second quarter valued at approximately $110,000. TRUE Private Wealth Advisors bought a new stake in Duke Energy during the third quarter valued at approximately $119,000. Kaizen Advisory LLC lifted its position in Duke Energy by 125.8% during the second quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 858 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Duke Energy by 137.3% during the second quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Duke Energy during the second quarter valued at approximately $140,000. Institutional investors and hedge funds own 58.83% of the company’s stock.
DUK stock opened at $81.26 on Friday. The company has a market cap of $57.54 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 3.41 and a beta of 0.03. Duke Energy Corp has a one year low of $71.96 and a one year high of $91.80. The company has a current ratio of 0.66, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.
In related news, 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 value of $40,880.00. Following the transaction, the executive vice president now directly owns 15,096 shares of the company’s stock, valued at $1,234,248.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Dhiaa M. Jamil sold 4,279 shares of Duke Energy stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $81.54, for a total transaction of $348,909.66. The disclosure for this sale can be found here. Insiders have sold 11,779 shares of company stock worth $956,650 over the last three months. Insiders own 0.07% of the company’s stock.
Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Morgan Stanley dropped their target price on shares of Duke Energy from $91.00 to $85.00 and set a “hold” rating for the company in a research report on Friday, September 21st. Wells Fargo & Co lifted their target price on shares of Duke Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Guggenheim reiterated a “buy” rating and set a $86.00 target price on shares of Duke Energy in a research report on Friday, August 17th. Finally, Scotiabank initiated coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They set a “buy” rating and a $85.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $84.06.
Duke Energy 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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