Despite slide in 2018 solar additions, NC still ranks among the best in the nation

In North Carolina, Duke Energy Corp.’s new competitive bidding process for solar construction and initiatives for rooftop solar rebates and community …
By John Downey

Senior Staff Writer, Charlotte Business Journal
Mar 13, 2019, 9:27am EDT

North Carolina remained a top solar state finishing third in the nation for new projects added to the grid in 2018, according to the latest Solar Market Insight report.

The 906 megawatts worth of solar additions last year was easily good enough to keep Duke in second place for total solar on the grid. The state has 5,260 megawatts worth of solar farms connected to the grid overall, according to the report released by the Solar Energy Industries Association and McKenzie Power & Renewables (formerly GTM Research).

North Carolina’s annual total was down about 3% from the record 1,200 megawatts the report calculated the state added in 2017. That was in line a nationwide decline of 2% in new solar installations. The U.S. saw about 10,600 megawatts of new solar added to its grid in 2018, the report says.

“The solar industry experienced growing pains in 2018, in large part due to the unnecessary tariffs that were imposed on solar cells and modules, but this report still finds significant reason for optimism,” says SEIA CEO Abigail Ross Hopper. “The total amount of solar installed in America is on track to more than double in the next five years, proving solar’s resiliency and its economic strength.”

In North Carolina, Duke Energy Corp.’s new competitive bidding process for solar construction and initiatives for rooftop solar rebates and community solar projects are expected to support continued growth for solar in the next several years.

The rebates, for instance, may well push the state forward finally on smaller solar projects for residences and businesses, a category in which North Carolina is traditionally very weak. In 2018, almost 880 megawatts of the new solar in the state was utility-scale solar.

California led the nation in 2018 in new solar construction, as it has for years. It added 3,395 megawatts worth of ne solar farms and installations in the year. Texas, which has long been a leader in wind power, ranked second for the year with 995 megawatts of new solar. Florida, the only Southeast state other than North Carolina in the top ten for 2018, came in fourth at 850.5 megawatts.

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Weighted Alpha Reaches +18.20 For Duke Energy Corp (DUK)

Taking a closer look at shares of Duke Energy Corp (DUK), we can see that the beta research opinion is presently Buy. This signal uses a system …

Taking a closer look at shares of Duke Energy Corp (DUK), we can see that the beta research opinion is presently Buy. This signal uses a system combining volatility, momentum, and wave theory to help spot the general trend. The beta research strength signal is currently Weak. This signal is compared to the historical performance where maximum would be considered the strongest, and minimum would be seen as the weakest. In terms of direction, the signal is currently Strengthening. This signal may indicate if the Buy or Sell is weakening or gaining strength, or if the Hold is leaning towards a Buy or Sell.

Investing in the stock market has traditionally offered bigger returns than other types of investments. Along with the opportunity for higher returns comes a higher amount of risk. Stocks can be exposed to both market risk and business or financial risk. Market risk may be evident when the overall market takes a nose dive. Investors may hold stock of a company that has been performing great, but due to poor market conditions, the stock decreases in value. Investors may look to offset this risk by investing in other vehicles that don’t tend to move together. The business risk with stocks involves factors that may cause a company to perform poorly. This may include bad management, heightened competition, and declining company profits. Investors may try to limit this risk by creating a diversified portfolio including stocks from different sectors.

Tracking current trading session activity on shares of Duke Energy Corp (DUK), we can see that the stock price recently hit 90.51. Since the start of the session, the stock has reached a high of 90.87 and hit a low of 90.11. Focusing in on some other information, we can see that the stock has a current weighted alpha of +18.20. The weighted alpha measures how much the stock has increased or decreased over the period of one full year. The weighting puts greater emphasis on more recent activity offering a more relevant measure for short-term technical analysts to use. A positive weighted alpha reading indicates that shares have risen over the past year. A negative reading would indicate that the stock is down over that same time period. Technical traders often use the weighted alpha to help discover stocks that are developing momentum. Current and potential shareholders will be earnestly watching to see how the stock performs as we near the midway point of the calendar year.

Duke Energy Corp (DUK) currently has 5 day MA of 90.04. Investors may use moving averages for multiple purposes. Some may use the moving average as a primary trading tool, while others may use it as a back-up. Investors may be looking for when the stock price crosses a certain moving average and then closes on the other side. These moving average crossovers may be used to help identify momentum shifts, or possible entry/exit points. A cross below a particular moving average may signal the start of a downward move. On the other end, a cross above a moving average may suggest a possible uptrend. Investors may be focused on many different time periods when studying moving averages. The stock currently has a 200 day MA of 83.16.

Taking a look at some indicators on shares of Duke Energy Corp (DUK), we note that the reading from the 40-day commodity channel index is currently Buy. The CCI indicator is primarily used to identify oversold and overbought levels. The signal direction is currently Strongest. Checking on the 50-day parabolic time/price signal, we can see the signal is presently Buy. The signal direction is currently reading Strengthening. Investors may opt to study a variety of different indicators in order to gain further insight on company share action. Traders may have increased interest when shares are nearing key support and resistance levels.

Investors often hear the saying “buy low, sell high”. This may seem highly obvious to anybody looking to get into the stock market. Even though investors typically know they should do this, novices tend to do just the opposite, buy high and sell low. Often times, amateur investors will get carried away when a stock is trending higher. They may attempt to get in on the stock after a big move with hopes of the stock going higher and an overall thought that relates to the fear of missing out. Often times, investors will find themselves in a precarious situation when this occurs. They might have taken a chance on a stock that maybe was too good to be true. Investors may regret buying after the big move when the price has far exceeded the underlying value. Closely watching the fundamentals may help investors avoid getting into sticky situations such as buying too high.

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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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ARS Investment Partners LLC Acquires 986 Shares of Duke Energy Corp (DUK)

ARS Investment Partners LLC increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 7.3% in the fourth quarter, according to the …

Duke Energy logoARS Investment Partners LLC increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,417 shares of the utilities provider’s stock after purchasing an additional 986 shares during the period. ARS Investment Partners LLC’s holdings in Duke Energy were worth $1,244,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DUK. Proficio Capital Partners LLC increased its holdings in shares of Duke Energy by 59.0% in the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 164 shares in the last quarter. Vigilant Capital Management LLC purchased a new position in shares of Duke Energy in the 4th quarter valued at about $43,000. Mackey Komara & Dankovich LLC purchased a new position in shares of Duke Energy in the 4th quarter valued at about $57,000. Tortoise Investment Management LLC increased its holdings in shares of Duke Energy by 96.0% in the 4th quarter. Tortoise Investment Management LLC now owns 682 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 334 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC increased its holdings in shares of Duke Energy by 1,681.8% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 784 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 60.38% of the company’s stock.

In other Duke Energy news, Chairman Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $89.92, for a total transaction of $1,348,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Dhiaa M. Jamil sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total transaction of $67,312.50. The disclosure for this sale can be found here. Insiders have sold a total of 21,250 shares of company stock valued at $1,900,878 over the last 90 days. 0.08% of the stock is currently owned by insiders.

A number of equities analysts have recently issued reports on DUK shares. Barclays increased their price target on shares of Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a report on Monday, November 19th. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Wednesday, December 12th. Bank of America downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $88.00 to $87.00 in a report on Wednesday, January 9th. They noted that the move was a valuation call. Finally, Morgan Stanley raised their target price on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. One investment 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 company currently has a consensus rating of “Hold” and an average price target of $85.46.

NYSE:DUK opened at $90.51 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a twelve month low of $71.96 and a twelve month high of $91.35. The stock has a market cap of $65.69 billion, a price-to-earnings 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 earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter last year, the business posted $0.94 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts forecast that Duke Energy Corp will post 4.97 EPS for the current year.

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

ILLEGAL ACTIVITY NOTICE: This report was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.baseballdailydigest.com/news/2019/03/13/ars-investment-partners-llc-acquires-986-shares-of-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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