Liberty Wealth Management LLC cut its position in shares of Duke Energy Corp (NYSE:DUK) by 9.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,412 shares of the utilities provider’s stock after selling 153 shares during the quarter. Liberty Wealth Management LLC’s holdings in Duke Energy were worth $127,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of DUK. BRYN MAWR TRUST Co lifted its position in Duke Energy by 0.5% during the fourth quarter. BRYN MAWR TRUST Co now owns 21,157 shares of the utilities provider’s stock valued at $1,826,000 after buying an additional 115 shares in the last quarter. Atlas Brown Inc. lifted its position in Duke Energy by 1.4% during the first quarter. Atlas Brown Inc. now owns 9,063 shares of the utilities provider’s stock valued at $816,000 after buying an additional 123 shares in the last quarter. Intl Fcstone Inc. lifted its position in Duke Energy by 3.8% during the first quarter. Intl Fcstone Inc. now owns 3,400 shares of the utilities provider’s stock valued at $306,000 after buying an additional 125 shares in the last quarter. Hartford Financial Management Inc. lifted its position in Duke Energy by 8.0% during the fourth quarter. Hartford Financial Management Inc. now owns 1,761 shares of the utilities provider’s stock valued at $152,000 after buying an additional 131 shares in the last quarter. Finally, Cigna Investments Inc. New lifted its position in Duke Energy by 0.6% during the fourth quarter. Cigna Investments Inc. New now owns 20,878 shares of the utilities provider’s stock valued at $1,802,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.
A number of research analysts have weighed in on DUK shares. Morgan Stanley lifted their price target on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Bank of America cut shares of Duke Energy from a “buy” rating to a “neutral” rating and reduced their price target 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 cut shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Finally, ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $85.73.
DUK opened at $89.14 on Friday. The company has a market cap of $64.86 billion, a PE ratio of 18.89, a PEG ratio of 3.62 and a beta of 0.06. Duke Energy Corp has a 52-week low of $71.96 and a 52-week high of $91.67. 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 posted its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 EPS. Equities research analysts predict that Duke Energy Corp will post 4.94 EPS for the current fiscal year.
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Duke Energy 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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