Leavell Investment Management Inc. Sells 631 Shares of Duke Energy Corp (DUK)

Leavell Investment Management Inc. reduced its position in Duke Energy Corp (NYSE:DUK) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,837 shares of the utilities provider’s stock after selling 631 shares during the period. Leavell Investment Management Inc.’s holdings in Duke Energy were worth $5,025,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DUK. HC Financial Advisors Inc. lifted its stake in Duke Energy by 445.9% during the 3rd quarter. HC Financial Advisors Inc. now owns 20,099 shares of the utilities provider’s stock valued at $1,608,000 after acquiring an additional 16,417 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Duke Energy by 12.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,465,312 shares of the utilities provider’s stock valued at $517,355,000 after acquiring an additional 706,008 shares in the last quarter. Standard Life Aberdeen plc lifted its stake in Duke Energy by 5.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 407,028 shares of the utilities provider’s stock valued at $32,573,000 after acquiring an additional 19,927 shares in the last quarter. Man Group plc lifted its stake in Duke Energy by 53.7% during the 3rd quarter. Man Group plc now owns 152,377 shares of the utilities provider’s stock valued at $12,193,000 after acquiring an additional 53,210 shares in the last quarter. Finally, Putnam Investments LLC lifted its stake in Duke Energy by 0.9% during the 3rd quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock valued at $20,737,000 after acquiring an additional 2,344 shares in the last quarter. Institutional investors own 60.74% of the company’s stock.

In related news, Chairman Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $89.92, for a total value of $1,348,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Dhiaa M. Jamil sold 750 shares of Duke Energy stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total value of $67,312.50. The disclosure for this sale can be found here. In the last three months, insiders sold 21,250 shares of company stock valued at $1,900,878. 0.09% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on DUK. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Morgan Stanley raised their target price on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Finally, Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $85.73.

Shares of Duke Energy stock opened at $89.09 on Wednesday. Duke Energy Corp has a 1 year low of $71.96 and a 1 year high of $91.67. The firm has a market cap of $65.81 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 3.66 and a beta of 0.06. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.05). Duke Energy had a return on equity of 7.80% and a net margin of 10.87%. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.84 billion. During the same period last year, the business posted $0.94 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Equities analysts expect that Duke Energy Corp will post 4.95 earnings per share for the current fiscal year.

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Duke Energy 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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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