Duke Energy Corp (NYSE:DUK) Stake Reduced by Buckley Wealth Management LLC

Buckley Wealth Management LLC cut its holdings in Duke Energy Corp (NYSE:DUK) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,010 shares of the utilities provider’s stock after selling 1,011 shares during the quarter. Buckley Wealth Management LLC’s holdings in Duke Energy were worth $768,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Thor Advisors LLC bought a new stake in Duke Energy in the first quarter worth about $30,000. Redhawk Wealth Advisors Inc. acquired a new stake in Duke Energy during the 2nd quarter worth about $34,000. Ellevest Inc. raised its holdings in Duke Energy by 334.8% during the 2nd quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock worth $35,000 after buying an additional 308 shares during the period. Larson Financial Group LLC raised its holdings in Duke Energy by 65.5% during the 2nd quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock worth $37,000 after buying an additional 167 shares during the period. Finally, Tarbox Family Office Inc. raised its holdings in Duke Energy by 46.5% during the 2nd quarter. Tarbox Family Office Inc. now owns 457 shares of the utilities provider’s stock worth $40,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 60.27% of the company’s stock.

NYSE DUK traded down $0.32 on Friday, hitting $95.97. 2,319,955 shares of the company were exchanged, compared to its average volume of 2,783,166. The company’s 50 day moving average price is $94.24 and its 200-day moving average price is $90.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.71 and a quick ratio of 0.47. The firm has a market capitalization of $70.01 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 3.93 and a beta of 0.09. Duke Energy Corp has a twelve month low of $79.01 and a twelve month high of $97.37.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.14. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts expect that Duke Energy Corp will post 4.98 EPS for the current year.

In other Duke Energy news, EVP Lloyd M. Yates sold 20,000 shares of Duke Energy stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $90.81, for a total transaction of $1,816,200.00. Following the transaction, the executive vice president now owns 41,154 shares of the company’s stock, valued at approximately $3,737,194.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Douglas F. Esamann sold 4,430 shares of Duke Energy stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $92.44, for a total value of $409,509.20. Following the transaction, the executive vice president now directly owns 64,722 shares in the company, valued at approximately $5,982,901.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,581 shares of company stock worth $2,422,653. Company insiders own 0.09% of the company’s stock.

DUK has been the topic of several recent analyst reports. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Citigroup cut their price objective on Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Morgan Stanley boosted their price objective on Duke Energy from $93.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. SunTrust Banks set a $96.00 price objective on Duke Energy and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Finally, Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price objective on the stock. in a report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Duke Energy has a consensus rating of “Hold” and an average price target of $92.78.

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

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