Raymond James Trust N.A. trimmed its position in shares of Duke Energy Corp (NYSE:DUK) by 5.7% in the 1st quarter, HoldingsChannel reports. The firm owned 63,953 shares of the utilities provider’s stock after selling 3,890 shares during the period. Raymond James Trust N.A.’s holdings in Duke Energy were worth $5,755,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Canton Hathaway LLC purchased a new position in shares of Duke Energy during the 1st quarter worth $25,000. Proficio Capital Partners LLC grew its holdings in shares of Duke Energy by 59.0% during the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 164 shares during the period. Riverview Trust Co purchased a new position in shares of Duke Energy during the 1st quarter worth $39,000. Vigilant Capital Management LLC purchased a new position in shares of Duke Energy during the 4th quarter worth $43,000. Finally, Sontag Advisory LLC purchased a new position in shares of Duke Energy during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 60.74% of the company’s stock.
In related news, EVP Melissa H. Anderson sold 2,000 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total transaction of $174,980.00. Following the transaction, the executive vice president now owns 18,198 shares of the company’s stock, valued at approximately $1,592,143.02. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Lynn J. Good sold 15,000 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders have sold 21,250 shares of company stock worth $1,900,878. 0.09% of the stock is owned by corporate insiders.
DUK opened at $90.44 on Tuesday. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.67. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.17. The stock has a market cap of $65.82 billion, a P/E ratio of 19.16, a PEG ratio of 3.64 and a beta of 0.06.
Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $5.84 billion. During the same period in the previous year, the company posted $0.94 EPS. Duke Energy’s revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Duke Energy Corp will post 4.97 earnings per share for the current year.
A number of equities analysts have recently weighed in on the company. Bank of America increased their price target on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, March 11th. Morgan Stanley increased their price target on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Credit Suisse Group cut Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Finally, Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $85.73.
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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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