MEMBERS Trust Co reduced its holdings in Duke Energy Corporation (NYSE:DUK) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,961 shares of the utilities provider’s stock after selling 121 shares during the period. MEMBERS Trust Co’s holdings in Duke Energy Corporation were worth $415,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Winfield Associates Inc. increased its stake in Duke Energy Corporation by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after buying an additional 165 shares during the last quarter. Jolley Asset Management LLC increased its stake in Duke Energy Corporation by 26.4% in the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new stake in Duke Energy Corporation in the 2nd quarter valued at $130,000. Advantage Investment Management LLC increased its stake in Duke Energy Corporation by 37.4% in the 1st quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after buying an additional 462 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its stake in Duke Energy Corporation by 104.1% in the 1st quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock valued at $164,000 after buying an additional 1,010 shares during the last quarter. Hedge funds and other institutional investors own 56.22% of the company’s stock.
Several equities research analysts have issued reports on DUK shares. BidaskClub lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Goldman Sachs Group, Inc. (The) upgraded shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. Morgan Stanley restated an “equal weight” rating and set a $87.00 price objective (down from $91.00) on shares of Duke Energy Corporation in a research note on Monday, July 10th. Zacks Investment Research upgraded shares of Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Tuesday, July 11th. Finally, BMO Capital Markets restated a “hold” rating and set a $87.00 price objective (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $83.31.
Shares of Duke Energy Corporation (NYSE DUK) opened at 86.39 on Thursday. The company has a market cap of $60.47 billion, a P/E ratio of 25.59 and a beta of 0.24. The company’s 50 day moving average is $86.04 and its 200 day moving average is $84.75. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.40.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current year.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the sale, the executive vice president now owns 50,316 shares in the company, valued at $4,338,245.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.07% of the company’s stock.
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Duke Energy Corporation Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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