Cullinan Associates Inc. decreased its position in shares of Duke Energy Corp (NYSE:DUK) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,013 shares of the utilities provider’s stock after selling 1,100 shares during the period. Cullinan Associates Inc.’s holdings in Duke Energy were worth $4,802,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Landaas & Co. WI ADV acquired a new stake in shares of Duke Energy during the second quarter worth approximately $110,000. TRUE Private Wealth Advisors acquired a new stake in shares of Duke Energy during the third quarter worth approximately $119,000. Kaizen Advisory LLC increased its holdings in shares of Duke Energy by 125.8% during the second quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock worth $122,000 after buying an additional 858 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Duke Energy by 137.3% during the second quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock worth $137,000 after buying an additional 1,002 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Duke Energy in the second quarter valued at approximately $140,000. 58.83% of the stock is owned by institutional investors.
A number of analysts recently weighed in on DUK shares. ValuEngine raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Barclays started coverage on shares of Duke Energy in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $86.00 price target for the company. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Morgan Stanley raised their price target on shares of Duke Energy from $79.00 to $86.00 and gave the company an “equal weight” rating in a report on Monday, July 16th. Finally, Citigroup raised shares of Duke Energy from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Friday, July 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Duke Energy presently has an average rating of “Hold” and a consensus target price of $84.06.
DUK traded up $1.74 during trading on Friday, hitting $83.00. The company had a trading volume of 399,312 shares, compared to its average volume of 4,670,796. The stock has a market capitalization of $57.54 billion, a P/E ratio of 17.90, a P/E/G 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.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.08). The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate 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 was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. On average, equities research analysts predict that Duke Energy Corp will post 4.7 EPS for the current fiscal year.
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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