Steinberg Global Asset Management lifted its holdings in Duke Energy Corp (NYSE:DUK) by 19.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,996 shares of the utilities provider’s stock after acquiring an additional 11,579 shares during the period. Steinberg Global Asset Management’s holdings in Duke Energy were worth $5,423,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DUK. Canton Hathaway LLC purchased a new stake in shares of Duke Energy in the first quarter worth about $25,000. Proficio Capital Partners LLC lifted its position in shares of Duke Energy by 59.0% in the fourth quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock worth $38,000 after buying an additional 164 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of Duke Energy in the first quarter worth about $39,000. Vigilant Capital Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter worth about $43,000. Finally, Sontag Advisory LLC purchased a new stake in shares of Duke Energy in the fourth quarter worth about $43,000. 60.74% of the stock is owned by hedge funds and other institutional investors.
Shares of DUK 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 company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.17. The company has a market cap of $64.83 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 3.66 and a beta of 0.06.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter last year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Duke Energy Corp will post 4.95 earnings per share for the current fiscal year.
In other news, COO Dhiaa M. Jamil sold 750 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total value of $67,312.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Melissa H. Anderson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total value of $174,980.00. Following the completion of the sale, the executive vice president now owns 18,198 shares in the company, valued at $1,592,143.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,250 shares of company stock worth $1,900,878. Company insiders own 0.09% of the company’s stock.
A number of equities research analysts recently commented on the company. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Bank of America upped their price objective on Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Monday, March 11th. Morgan Stanley upped their price objective 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. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Duke Energy presently has an average rating of “Hold” and a consensus target price of $85.73.
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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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