Salem Investment Counselors Inc. lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,596 shares of the utilities provider’s stock after selling 149 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Duke Energy were worth $2,036,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Kaizen Advisory LLC boosted its holdings in shares of Duke Energy by 25.1% during the 4th quarter. Kaizen Advisory LLC now owns 1,926 shares of the utilities provider’s stock valued at $166,000 after buying an additional 386 shares in the last quarter. Abacus Planning Group Inc. bought a new stake in shares of Duke Energy during the 4th quarter valued at $459,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at $228,000. High Falls Advisors Inc bought a new stake in shares of Duke Energy during the 4th quarter valued at $200,000. Finally, Vestor Capital LLC boosted its holdings in shares of Duke Energy by 56.7% during the 4th quarter. Vestor Capital LLC now owns 790 shares of the utilities provider’s stock valued at $68,000 after buying an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.
In other news, Chairman Lynn J. Good sold 15,000 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Dhiaa M. Jamil sold 750 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold a total of 21,250 shares of company stock valued at $1,900,878 over the last 90 days. 0.09% of the stock is currently owned by corporate insiders.
A number of analysts have recently commented on the stock. Bank of America boosted their target price on shares of Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, March 11th. Morgan Stanley lifted their price target on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.73.
Shares of NYSE:DUK traded down $0.03 during mid-day trading on Wednesday, reaching $89.06. 3,903,644 shares of the company traded hands, compared to its average volume of 3,508,724. Duke Energy Corp has a 52 week low of $71.96 and a 52 week 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 PE ratio of 18.87, a price-to-earnings-growth ratio of 3.66 and a beta of 0.06.
Duke Energy (NYSE:DUK) last posted its quarterly 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 return on equity of 7.80% and a net margin of 10.87%. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter in the previous year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts predict that Duke Energy Corp will post 4.95 earnings per share for the current fiscal year.
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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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