Duke Energy Corp (NYSE:DUK) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lessened its stake in Duke Energy Corp (NYSE:DUK) by 6.0% in the 4th quarter, according to its most recent filing with …

Duke Energy logoEagle Asset Management Inc. lessened its stake in Duke Energy Corp (NYSE:DUK) by 6.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,357 shares of the utilities provider’s stock after selling 1,811 shares during the quarter. Eagle Asset Management Inc.’s holdings in Duke Energy were worth $2,447,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley boosted its holdings in Duke Energy by 13.8% in the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock valued at $303,498,000 after purchasing an additional 460,092 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Duke Energy by 69.4% in the fourth quarter. First Mercantile Trust Co. now owns 1,050 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 430 shares during the last quarter. Union Bankshares Corp lifted its holdings in Duke Energy by 43.4% during the 4th quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock worth $724,000 after buying an additional 2,536 shares during the last quarter. Putnam Investments LLC lifted its holdings in Duke Energy by 0.9% during the 3rd quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock worth $20,737,000 after buying an additional 2,344 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Duke Energy by 172.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,182 shares of the utilities provider’s stock worth $188,000 after buying an additional 1,381 shares during the last quarter. Institutional investors and hedge funds own 60.38% of the company’s stock.

Several brokerages recently issued reports on DUK. Bank of America raised their price target on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Morgan Stanley raised their target price 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. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Duke Energy presently has an average rating of “Hold” and a consensus target price of $85.46.

NYSE DUK opened at $90.51 on Wednesday. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.44 and a current ratio of 0.65. The stock has a market cap of $65.80 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 3.56 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.05). The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. Duke Energy’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. Analysts anticipate that Duke Energy Corp will post 4.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, February 15th will be paid a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 annualized dividend and a yield of 4.10%. Duke Energy’s dividend payout ratio is 78.60%.

In related news, COO Dhiaa M. Jamil sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Melissa H. Anderson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $87.49, for a total transaction of $174,980.00. Following the completion of the sale, the executive vice president now owns 18,198 shares of the company’s stock, valued at $1,592,143.02. The disclosure for this sale can be found here. Insiders have sold 21,250 shares of company stock worth $1,900,878 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

WARNING: “Duke Energy Corp (NYSE:DUK) Shares Sold by Eagle Asset Management Inc.” was published by PressOracle and is the property of of PressOracle. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://pressoracle.com/news/2019/03/13/eagle-asset-management-inc-lowers-stake-in-duke-energy-corp-duk.html.

About Duke Energy

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

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Bremer Trust National Association Acquires 5018 Shares of Duke Energy Corp (NYSE:DUK)

Bremer Trust National Association increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 34.9% in the 4th quarter, according to the …

Duke Energy logoBremer Trust National Association increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 34.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,393 shares of the utilities provider’s stock after purchasing an additional 5,018 shares during the quarter. Bremer Trust National Association’s holdings in Duke Energy were worth $1,674,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Morgan Stanley lifted its position in shares of Duke Energy by 13.8% in the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock valued at $303,498,000 after acquiring an additional 460,092 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of Duke Energy by 69.4% in the fourth quarter. First Mercantile Trust Co. now owns 1,050 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 430 shares in the last quarter. Union Bankshares Corp lifted its position in shares of Duke Energy by 43.4% in the fourth quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock valued at $724,000 after acquiring an additional 2,536 shares in the last quarter. Putnam Investments LLC lifted its position in Duke Energy by 0.9% during the third quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock worth $20,737,000 after buying an additional 2,344 shares during the period. Finally, Sound Income Strategies LLC lifted its position in Duke Energy by 172.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,182 shares of the utilities provider’s stock worth $188,000 after buying an additional 1,381 shares during the period. Hedge funds and other institutional investors own 60.38% of the company’s stock.

In related news, COO Dhiaa M. Jamil sold 750 shares of Duke Energy stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total transaction of $67,312.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Melissa H. Anderson sold 2,000 shares of Duke Energy stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $87.49, for a total value of $174,980.00. Following the sale, the executive vice president now directly owns 18,198 shares of the company’s stock, valued at approximately $1,592,143.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,250 shares of company stock worth $1,900,878. 0.08% of the stock is owned by insiders.

DUK opened at $90.51 on Wednesday. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.44 and a current ratio of 0.65. The company has a market capitalization of $65.80 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 3.56 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 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.05). Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The business had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.84 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Duke Energy Corp will post 4.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be given a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Thursday, February 14th. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.

Several equities analysts recently weighed in on the company. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Barclays upped their price target on Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Bank of America upped their price target on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Finally, Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.46.

COPYRIGHT VIOLATION NOTICE: This report was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.baseballdailydigest.com/news/2019/03/13/bremer-trust-national-association-raises-stake-in-duke-energy-corp-duk.html.

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

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Latest Technical:: Laredo Petroleum, Inc., (NYSE: LPI)

Laredo Petroleum, Inc., belongs to Basic Materials sector and Independent Oil & Gas industry. The company’s Market capitalization is $759.37M with …

EPS growth is an important number as it gives a suggestion of the future prospects of a company. It is usually expressed as a percentage and is then referred to as the EPS growth rate. Growth in EPS is an important measure of administration performance because it shows how much money the company is making for it’s investors or shareholders, not only because of changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).

Laredo Petroleum, Inc., belongs to Basic Materials sector and Independent Oil & Gas industry. The company’s Market capitalization is $759.37M with the total Outstanding Shares of 246.55M. On 12-03-2019 (Tuesday),LPI stock construct a change of 4.41% (Gain , ) in a total of its share price and finished its trading at 3.08.

Laredo Petroleum, Inc. institutional ownership is held at 0% while insider ownership was 1.4%. As of now, LPI has a P/S, P/E and P/B values of 0.69, 2.21 and 0.6 respectively. Its P/Cash is valued at 16.8.

The stock has seen its SMA50 which is now -16.52%. In looking the SMA 200 we see that the stock has seen a -52.4%.The Company’s net profit margin for the 12 months at 29.4%. Comparatively, the gazes have a Gross margin 59.8%.

Profitability ratios:

Looking into the profitability ratios of LPI stock, an investor will find its ROE, ROA, ROI standing at 31.7%, 14.4% and 16%, respectively.

Earnings per Share Details of Laredo Petroleum, Inc.:

The EPS of LPI is strolling at 1.39, measuring its EPS growth this year at -39.1%. As a result, the company has an EPS growth of 58.17% for the approaching year.

Given the importance of identifying companies that will ensure earnings per share at a tall rate, we later obsession to umpire how to identify which companies will achieve high amassing rates. One obvious showing off to identify high earnings per portion count together companies are to locate companies that have demonstrated such build up beyond the p.s. 5 to 10 years.

We can’t have enough maintenance the once will always reflect the difficult, but logically stocks that have grown earnings per allowance strongly in the subsequent to are a fine bet to continue to take effect as a result.

Analyst’s mean target price for the company is $4.95 while analysts mean suggestion is 3.1.

A beta factor is used to measure the volatility of the stock. The stock remained 6.54% volatile for the week and 6.3% for the month.

Historical Performance In The News:

Taking a look at the performance of Laredo Petroleum, Inc. stock, an investor will come to know that the weekly performance for this stock is valued at -8.33%, resulting in a performance for the month at -10.47%.

Therefore, the stated figure displays a quarterly performance of -32.46%, bringing six-month performance to -60.36% and year to date performance of -14.92%.As of now, Laredo Petroleum, Inc. has a P/S, P/E and P/B values of 0.69, 2.21 and 0.6 respectively. Its P/Cash is valued at 16.8.

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Beware: Aurora Cannabis’ (TSX:ACB) Stock Is the Industry’s Most Reckless Company

Year to date, the company has returned 56.64% outpacing the broader Marijuana Index, but still short of its chief competitor, Canopy Growth Corp …

Through the first couple of months of the year, the TSX Index has enjoyed returns of almost 12%. Not to be outdone, the cannabis industry has also benefited from a significant rebound. Year to date, the Canadian Marijuana Index is up by approximately 45%. It is important to note however, that the Index is still trading 27% below its 52-week high it achieved this past fall.

Bulls will point to this being a sign that the market is still undervalued. I’d throw caution to the wind on that statement. At the end of the day, we are still talking about companies trading at more than 100 times future sales. These aren’t cheap stocks.

This brings me to Aurora Cannabis(TSX:ACB)(NYSE:ACB). Year to date, the company has returned 56.64% outpacing the broader Marijuana Index, but still short of its chief competitor, Canopy Growth Corp(TSX:WEED)(NYSE:CGC). Despite earnings outperforming Canopy’s in the second quarter, its share price continues to lag.

Share dilution

I’ve written about this several times before, but Aurora Canopy is one of the least shareholder friendly pot stocks out there.

Why?

Two words: share dilution. Aurora has been on an aggressive buying spree picking up whatever it can. The problem is that these acquisitions are coming at a big cost to existing shareholders.

Every deal that Aurora has made in 2018 as well as those made thus far in 2019 have been financed with new equity, which means that the company has issued new shares to make acquisitions. Purchase price, this has the net effect of diluting existing shareholders ownership in the company.

At the end of fiscal 2014, Aurora had 16.15 shares outstanding. As of writing, it has close to 1 billion! This is ridiculous by any standards. Research has shown that in such transactions, the acquired company shareholders win out at the expense of existing shareholders. Every time Aurora issues new shares, existing shareholders are left with a smaller piece of the pie.

Analyzing its most recent transaction

Take its most recent transaction as an example. The company recently closed on its acquisition of Whistler Medical Marijuana for $175 million. At its peak, the deal is expected to add 15,000 kilograms of production annually. Assuming the company achieves its annual forecasted production and the milestone share payments are made, the company will have issued an additional 1.8% shares to finance this purchase, which means that existing shareholders have seen their collective share of the new company decrease shrink to 98.2%.

All-cash acquisitions are therefore more lucrative. In such a case, existing shareholders would have reaped 100% of the new capacity generated. Keep in mind, however, that this is but one small transaction and that Aurora has consistently diluted shareholder equity deal after deal.

Foolish takeaway

I understand the need and benefits of ramping up capacity. However, there comes a point where existing shareholders must ask themselves if there are better and more shareholder friendly companies in the sector.

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Greenleaf Trust Acquires 2627 Shares of Duke Energy Corp (DUK)

Greenleaf Trust grew its stake in Duke Energy Corp (NYSE:DUK) by 42.9% during the fourth quarter, according to the company in its most recent filing …

Duke Energy logoGreenleaf Trust grew its stake in Duke Energy Corp (NYSE:DUK) by 42.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,754 shares of the utilities provider’s stock after purchasing an additional 2,627 shares during the quarter. Greenleaf Trust’s holdings in Duke Energy were worth $755,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vigilant Capital Management LLC acquired a new stake in Duke Energy during the fourth quarter worth approximately $43,000. Mackey Komara & Dankovich LLC bought a new position in shares of Duke Energy during the fourth quarter worth approximately $57,000. Massey Quick Simon & CO. LLC increased its holdings in shares of Duke Energy by 1,681.8% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 784 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 740 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Duke Energy by 8,422.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,521,173 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 6,444,652 shares during the period. Finally, Financial Gravity Companies Inc. bought a new position in shares of Duke Energy during the fourth quarter worth approximately $80,000. Institutional investors and hedge funds own 60.38% of the company’s stock.

Several research analysts have recently commented on the stock. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Barclays raised their target price on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Bank of America raised their target price on shares of Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday. Credit Suisse Group cut shares of Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Finally, Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $85.46.

Shares of NYSE:DUK opened at $90.51 on Wednesday. The company has a market capitalization of $65.69 billion, a P/E ratio of 19.18, a PEG ratio of 3.56 and a beta of 0.06. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 1 year low of $71.96 and a 1 year high of $91.35.

Duke Energy (NYSE:DUK) last announced 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). The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.94 earnings per share. As a group, equities analysts predict that Duke Energy Corp will post 4.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be paid a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.10%. Duke Energy’s payout ratio is presently 78.60%.

In other Duke Energy news, EVP Lloyd M. Yates sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $88.51, for a total transaction of $309,785.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Lynn J. Good sold 15,000 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $89.92, for a total transaction of $1,348,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,250 shares of company stock worth $1,900,878. Insiders own 0.08% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.fairfieldcurrent.com/news/2019/03/13/duke-energy-corp-duk-shares-bought-by-greenleaf-trust.html.

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

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