Retirement Systems of Alabama boosted its position in Duke Energy Corp (NYSE:DUK) by 3.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,528 shares of the utilities provider’s stock after purchasing an additional 10,020 shares during the quarter. Retirement Systems of Alabama’s holdings in Duke Energy were worth $30,468,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canton Hathaway LLC bought a new stake in Duke Energy in the 1st quarter valued at $25,000. Riverview Trust Co bought a new stake in shares of Duke Energy during the 1st quarter valued at $39,000. Proficio Capital Partners LLC lifted its position in shares of Duke Energy by 59.0% during the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 164 shares during the period. Sontag Advisory LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at $43,000. Finally, Vigilant Capital Management LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 60.74% of the company’s stock.
Shares of DUK stock opened at $90.44 on Tuesday. 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 $91.67. The firm has a market cap of $65.82 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 3.64 and a beta of 0.06.
In related news, EVP Melissa H. Anderson sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was 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 directly owns 18,198 shares in the company, valued at approximately $1,592,143.02. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Dhiaa M. Jamil sold 750 shares of the company’s stock in a transaction 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. Over the last 90 days, insiders have sold 21,250 shares of company stock valued at $1,900,878. 0.09% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on DUK. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Morgan Stanley upped 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. Finally, Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Duke Energy presently has a consensus rating of “Hold” and a consensus target price of $85.73.
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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