Foster Victor Wealth Advisors LLC Has $370,000 Stock Position in Duke Energy Corp (NYSE:DUK)

Foster Victor Wealth Advisors LLC reduced its stake in shares of Duke Energy Corp (NYSE:DUK) by 24.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,814 shares of the utilities provider’s stock after selling 1,249 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Duke Energy were worth $370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gyroscope Capital Management Group LLC lifted its position in shares of Duke Energy by 19.1% during the 3rd quarter. Gyroscope Capital Management Group LLC now owns 5,124 shares of the utilities provider’s stock worth $487,000 after buying an additional 820 shares during the last quarter. Rockland Trust Co. lifted its position in shares of Duke Energy by 5.6% during the 3rd quarter. Rockland Trust Co. now owns 5,714 shares of the utilities provider’s stock worth $544,000 after buying an additional 302 shares during the last quarter. Cypress Capital Group lifted its position in shares of Duke Energy by 2.2% during the 3rd quarter. Cypress Capital Group now owns 34,092 shares of the utilities provider’s stock worth $3,268,000 after buying an additional 719 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Duke Energy by 16.8% during the 3rd quarter. Pacer Advisors Inc. now owns 80,752 shares of the utilities provider’s stock worth $7,741,000 after buying an additional 11,623 shares during the last quarter. Finally, We Are One Seven LLC lifted its position in shares of Duke Energy by 7.0% during the 3rd quarter. We Are One Seven LLC now owns 3,486 shares of the utilities provider’s stock worth $334,000 after buying an additional 229 shares during the last quarter. 60.27% of the stock is currently owned by institutional investors.

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

Duke Energy stock traded down $0.09 during trading hours on Friday, hitting $96.20. The stock had a trading volume of 128,172 shares, compared to its average volume of 2,783,166. The company has a quick ratio of 0.47, a current ratio of 0.71 and a debt-to-equity ratio of 1.26. The stock has a market cap of $70.01 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 3.93 and a beta of 0.09. Duke Energy Corp has a one year low of $79.01 and a one year high of $97.37. The business’s 50 day simple moving average is $94.24 and its 200-day simple moving average is $90.07.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $0.98 by $0.14. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. Research analysts anticipate that Duke Energy Corp will post 4.98 EPS for the current fiscal year.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price objective for the company. in a research report on Wednesday, June 26th. SunTrust Banks set a $96.00 price objective on Duke Energy and gave the stock a “hold” rating in a research report on Tuesday, September 3rd. Morgan Stanley upped their price objective on Duke Energy from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Credit Suisse Group upped their price objective on Duke Energy from $95.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price 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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