Asset Dedication LLC Sells 530 Shares of Duke Energy Corp (DUK)

Asset Dedication LLC lessened its stake in shares of Duke Energy Corp (NYSE:DUK) by 9.6% during the first quarter, HoldingsChannel reports. The firm owned 4,984 shares of the utilities provider’s stock after selling 530 shares during the period. Asset Dedication LLC’s holdings in Duke Energy were worth $449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canton Hathaway LLC purchased a new stake in shares of Duke Energy during the first quarter worth about $25,000. Proficio Capital Partners LLC increased its holdings in Duke Energy by 59.0% in the fourth quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after buying an additional 164 shares during the last quarter. Riverview Trust Co bought a new stake in Duke Energy in the first quarter valued at about $39,000. Vigilant Capital Management LLC bought a new stake in Duke Energy in the fourth quarter valued at about $43,000. Finally, Sontag Advisory LLC bought a new stake in Duke Energy in the fourth quarter valued at about $43,000. 60.74% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $88.00 to $87.00 in a report on Wednesday, January 9th. They noted that the move was a valuation call. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Morgan Stanley boosted their price objective on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Finally, Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $85.73.

In other news, EVP Melissa H. Anderson sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 18,198 shares of the company’s stock, valued at $1,592,143.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lynn J. Good sold 15,000 shares of the company’s 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. Insiders have sold 21,250 shares of company stock valued at $1,900,878 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Shares of Duke Energy stock opened at $89.14 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.44. The stock has a market capitalization of $64.86 billion, a P/E ratio of 18.89, a PEG ratio of 3.62 and a beta of 0.06. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.67.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 14th. The utilities provider reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.05). The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. Equities research analysts anticipate that Duke Energy Corp will post 4.94 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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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