Washington Trust Bank cut its holdings in shares of Duke Energy Corp (NYSE:DUK) by 20.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,829 shares of the utilities provider’s stock after selling 706 shares during the period. Washington Trust Bank’s holdings in Duke Energy were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC grew its stake in shares of Duke Energy by 59.0% during the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 164 shares in the last quarter. Vigilant Capital Management LLC bought a new position in shares of Duke Energy during the 4th quarter worth approximately $43,000. Sontag Advisory LLC bought a new position in shares of Duke Energy during the 4th quarter worth approximately $43,000. Executive Wealth Management LLC bought a new position in shares of Duke Energy during the 4th quarter worth approximately $52,000. Finally, Mackey Komara & Dankovich LLC bought a new position in shares of Duke Energy during the 4th quarter worth approximately $57,000. Institutional investors own 60.74% of the company’s stock.
In related news, COO Dhiaa M. Jamil sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total value of $67,312.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Melissa H. Anderson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $87.49, for a total value of $174,980.00. Following the completion of the sale, the executive vice president now owns 18,198 shares in the company, valued at $1,592,143.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,250 shares of company stock worth $1,900,878. Company insiders own 0.09% of the company’s stock.
Several equities analysts have recently weighed in on DUK shares. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Bank of America cut shares of Duke Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Morgan Stanley raised their target price on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Credit Suisse Group cut shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Finally, ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $85.73.
DUK stock traded down $0.01 during midday trading on Wednesday, reaching $89.08. The company had a trading volume of 240,648 shares, compared to its average volume of 3,819,777. The company has a market cap of $64.83 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 3.66 and a beta of 0.06. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.67. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last released 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 net margin of 10.87% and a return on equity of 7.80%. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, analysts anticipate that Duke Energy Corp will post 4.95 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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