Peoples Bank OH increased its stake in Duke Energy Corp (NYSE:DUK) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,870 shares of the utilities provider’s stock after purchasing an additional 162 shares during the period. Peoples Bank OH’s holdings in Duke Energy were worth $248,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in DUK. Proficio Capital Partners LLC grew its holdings in shares of 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 buying an additional 164 shares in the last quarter. Vigilant Capital Management LLC purchased a new position in shares of Duke Energy during the fourth quarter valued at $43,000. Sontag Advisory LLC purchased a new position in shares of Duke Energy during the fourth quarter valued at $43,000. Executive Wealth Management LLC purchased a new position in shares of Duke Energy during the fourth quarter valued at $52,000. Finally, Mackey Komara & Dankovich LLC purchased a new position in shares of Duke Energy during the fourth quarter valued at $57,000. 60.74% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Lloyd M. Yates sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $88.51, for a total transaction of $309,785.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Lynn J. Good sold 15,000 shares of the business’s stock in a transaction dated 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 sold 21,250 shares of company stock worth $1,900,878 over the last quarter. 0.09% of the stock is currently owned by corporate insiders.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.84 billion. Duke Energy had a return on equity of 7.80% and a net margin of 10.87%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 earnings per share. As a group, research analysts expect that Duke Energy Corp will post 4.94 EPS for the current fiscal year.
A number of brokerages have recently weighed in on DUK. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Bank of America lifted their price objective on Duke Energy from $89.00 to $91.00 and gave the company 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 lifted their price objective 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 cut Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company 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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