Fulcrum Equity Management Takes Position in Duke Energy Corp (DUK)

Fulcrum Equity Management bought a new position in shares of Duke Energy Corp (NYSE:DUK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,529 shares of the utilities provider’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DUK. Proficio Capital Partners LLC raised its position in Duke Energy by 59.0% during the fourth 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 in the last quarter. Vigilant Capital Management LLC acquired a new position in Duke Energy during the fourth quarter worth $43,000. Sontag Advisory LLC acquired a new position in Duke Energy during the fourth quarter worth $43,000. Executive Wealth Management LLC acquired a new position in Duke Energy during the fourth quarter worth $52,000. Finally, Mackey Komara & Dankovich LLC acquired a new position in Duke Energy during the fourth quarter worth $57,000. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE DUK traded up $0.08 during midday trading on Friday, reaching $89.14. 2,822,523 shares of the company’s stock were exchanged, compared to its average volume of 3,697,310. Duke Energy Corp has a 52-week low of $71.96 and a 52-week high of $91.67. The firm has a market cap of $64.86 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 3.62 and a beta of 0.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.44 and a current ratio of 0.65.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $5.84 billion. During the same period in the previous year, the firm posted $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 predict that Duke Energy Corp will post 4.94 EPS for the current year.

In related news, EVP Melissa H. Anderson sold 2,000 shares of Duke Energy stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total value of $174,980.00. Following the completion of the transaction, the executive vice president now directly owns 18,198 shares in the company, valued at $1,592,143.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $89.92, for a total value of $1,348,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,250 shares of company stock worth $1,900,878. Corporate insiders own 0.09% of the company’s stock.

A number of research firms have commented 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 upped their price objective on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a research report on Monday, March 11th. Credit Suisse Group cut Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Morgan Stanley upped their price objective 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. Finally, Zacks Investment Research cut 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 given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.73.

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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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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