Parsec Financial Management Inc. raised its position in shares of Duke Energy Corp. (NYSE:DUK) by 4.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 147,025 shares of the company’s stock after buying an additional 6,352 shares during the period. Parsec Financial Management Inc.’s holdings in Duke Energy Corp. were worth $12,613,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CapWealth Advisors LLC boosted its position in shares of Duke Energy Corp. by 9.8% in the first quarter. CapWealth Advisors LLC now owns 3,360 shares of the company’s stock worth $271,000 after buying an additional 300 shares during the last quarter. Berkeley Capital Partners LLC raised its stake in Duke Energy Corp. by 20.4% in the first quarter. Berkeley Capital Partners LLC now owns 5,469 shares of the company’s stock worth $441,000 after buying an additional 925 shares during the period. Advisor Partners LLC raised its stake in Duke Energy Corp. by 60.3% in the first quarter. Advisor Partners LLC now owns 17,022 shares of the company’s stock worth $1,373,000 after buying an additional 6,405 shares during the period. Bessemer Group Inc. raised its stake in Duke Energy Corp. by 4.6% in the first quarter. Bessemer Group Inc. now owns 13,592 shares of the company’s stock worth $1,097,000 after buying an additional 601 shares during the period. Finally, USS Investment Management Ltd bought a new stake in Duke Energy Corp. during the first quarter worth $6,539,000. Institutional investors and hedge funds own 56.56% of the company’s stock.
Shares of Duke Energy Corp. (NYSE:DUK) traded down 0.93% during trading on Tuesday, hitting $76.34. The stock had a trading volume of 1,969,175 shares. The company has a market cap of $52.59 billion, a P/E ratio of 20.18 and a beta of 0.13. Duke Energy Corp. has a 12 month low of $65.50 and a 12 month high of $87.75. The stock has a 50-day moving average price of $79.95 and a 200 day moving average price of $81.17.
Duke Energy Corp. (NYSE:DUK) last released its earnings results on Thursday, August 4th. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.71 billion. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. During the same quarter in the previous year, the company posted $0.95 EPS. Equities analysts expect that Duke Energy Corp. will post $4.59 EPS for the current fiscal year.
DUK has been the subject of a number of analyst reports. Mizuho reissued a “neutral” rating and set a $75.00 price objective on shares of Duke Energy Corp. in a research note on Thursday, June 30th. Zacks Investment Research raised Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Tuesday, July 12th. Citigroup Inc. increased their price objective on Duke Energy Corp. from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. Argus reissued a “hold” rating on shares of Duke Energy Corp. in a research note on Tuesday, July 26th. Finally, Howard Weil increased their price objective on Duke Energy Corp. from $78.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. Duke Energy Corp. presently has an average rating of “Hold” and an average price target of $80.23.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total value of $253,740.00. Following the transaction, the executive vice president now owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.
Duke Energy Corp. Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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