Strategic Wealth Partners Ltd. cut its holdings in shares of Duke Energy Corp (NYSE:DUK) by 76.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,013 shares of the utilities provider’s stock after selling 10,051 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Duke Energy were worth $238,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Landaas & Co. WI ADV acquired a new position in shares of Duke Energy in the 2nd quarter worth approximately $110,000. Kaizen Advisory LLC increased its stake in Duke Energy by 125.8% during the 2nd quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock worth $122,000 after buying an additional 858 shares during the period. AdvisorNet Financial Inc increased its stake in Duke Energy by 137.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock worth $137,000 after buying an additional 1,002 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Duke Energy during the 2nd quarter worth approximately $140,000. Finally, Creative Financial Designs Inc. ADV increased its stake in Duke Energy by 48.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,164 shares of the utilities provider’s stock worth $171,000 after buying an additional 707 shares during the period. Institutional investors own 58.70% of the company’s stock.
NYSE:DUK traded up $0.01 during trading hours on Friday, reaching $79.99. 5,818,484 shares of the company’s stock were exchanged, compared to its average volume of 3,801,216. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.66 and a quick ratio of 0.41. The stock has a market cap of $57.00 billion, a P/E ratio of 17.50, a P/E/G ratio of 3.65 and a beta of 0.03. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.80.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.08). The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.61 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. Sell-side analysts expect that Duke Energy Corp will post 4.72 EPS for the current fiscal year.
In other news, EVP Melissa H. Anderson sold 500 shares of Duke Energy stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $81.76, for a total transaction of $40,880.00. Following the completion of the sale, the executive vice president now directly owns 15,096 shares in the company, valued at $1,234,248.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Dhiaa M. Jamil sold 4,279 shares of Duke Energy stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $81.54, for a total transaction of $348,909.66. The disclosure for this sale can be found here. Insiders sold a total of 11,779 shares of company stock valued at $956,650 in the last quarter. Insiders own 0.08% of the company’s stock.
A number of equities research analysts have commented on the stock. Bank of America raised shares of Duke Energy from a “neutral” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Wednesday, June 20th. Zacks Investment Research downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. ValuEngine raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Barclays initiated coverage on shares of Duke Energy in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Finally, Morgan Stanley increased their target price on shares of Duke Energy from $79.00 to $86.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $84.06.
Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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