Tiaa Fsb increased its stake in shares of Duke Energy Corp (NYSE:DUK) by 0.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 175,853 shares of the utilities provider’s stock after buying an additional 1,396 shares during the period. Tiaa Fsb’s holdings in Duke Energy were worth $14,071,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DUK. Landaas & Co. WI ADV purchased a new stake in Duke Energy during the second quarter worth about $110,000. TRUE Private Wealth Advisors purchased a new stake in Duke Energy during the third quarter worth about $119,000. Kaizen Advisory LLC increased its holdings in 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 during the last quarter. AdvisorNet Financial Inc increased its holdings in 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 during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Duke Energy during the second quarter worth about $140,000. Institutional investors and hedge funds own 58.83% of the company’s stock.
Shares of NYSE:DUK opened at $81.26 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.66 and a quick ratio of 0.41. The stock 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 twelve month low of $71.96 and a twelve month high of $91.80.
Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.08). The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.61 billion. Duke Energy had a return on equity of 7.92% and a net margin of 11.52%. Duke Energy’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. Analysts predict that Duke Energy Corp will post 4.7 EPS for the current fiscal year.
In other news, EVP Melissa H. Anderson sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 15,096 shares in the company, valued at $1,234,248.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Dhiaa M. Jamil sold 4,279 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were 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 sold 11,779 shares of company stock valued at $956,650 over the last 90 days. 0.07% of the stock is owned by company insiders.
DUK has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Barclays assumed coverage on shares of Duke Energy in a report on Tuesday, July 10th. They set an “equal weight” rating and a $86.00 price objective for the company. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Morgan Stanley increased their target price on shares of Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. Finally, Citigroup upgraded shares of Duke Energy from a “sell” rating to a “neutral” rating and set a $77.00 target price for the company in a research report on Friday, July 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Duke Energy currently has a consensus rating of “Hold” and a consensus target price of $84.06.
Duke Energy Company 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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