Dubuque Bank & Trust Co. increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,443 shares of the utilities provider’s stock after buying an additional 190 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Duke Energy were worth $220,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of DUK. Morgan Stanley grew its holdings in Duke Energy by 13.8% during the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock worth $303,498,000 after purchasing an additional 460,092 shares during the period. First Mercantile Trust Co. grew its holdings in Duke Energy by 69.4% during the fourth quarter. First Mercantile Trust Co. now owns 1,050 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 430 shares during the period. Ffcm LLC grew its holdings in Duke Energy by 12.8% during the fourth quarter. Ffcm LLC now owns 34,758 shares of the utilities provider’s stock worth $3,000,000 after purchasing an additional 3,947 shares during the period. Northern Trust Corp grew its holdings in Duke Energy by 4.7% during the fourth quarter. Northern Trust Corp now owns 9,338,113 shares of the utilities provider’s stock worth $805,879,000 after purchasing an additional 415,434 shares during the period. Finally, Union Bankshares Corp grew its holdings in Duke Energy by 43.4% during the fourth quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock worth $724,000 after purchasing an additional 2,536 shares during the period. 60.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of DUK stock opened at $90.25 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.44. The company has a market capitalization of $65.67 billion, a P/E ratio of 19.12, a P/E/G ratio of 3.64 and a beta of 0.06. Duke Energy Corp has a 1 year low of $71.96 and a 1 year high of $91.67.
Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (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 company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts predict that Duke Energy Corp will post 4.97 earnings per share for the current year.
A number of equities analysts recently commented on the company. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Bank of America lifted 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. Credit Suisse Group cut Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Zacks Investment Research cut Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Finally, Morgan Stanley boosted their price objective on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $85.73.
In related news, EVP Melissa H. Anderson sold 2,000 shares of the business’s 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 owns 18,198 shares of the company’s stock, valued at $1,592,143.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Dhiaa M. Jamil sold 750 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold 21,250 shares of company stock valued at $1,900,878 over the last quarter. Company insiders own 0.09% of the company’s stock.
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Duke Energy 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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