Atlantic Trust Group LLC Trims Position in Duke Energy Corporation (DUK)
Atlantic Trust Group LLC lowered its holdings in Duke Energy Corporation (NYSE:DUK) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,541 shares of the utilities provider’s stock after selling 696 shares during the quarter. Atlantic Trust Group LLC’s holdings in Duke Energy Corporation were worth $1,466,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of DUK. BlackRock Inc. lifted its stake in Duke Energy Corporation by 2,866.0% during the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after acquiring an additional 41,268,968 shares in the last quarter. Norinchukin Bank The lifted its stake in Duke Energy Corporation by 5.9% during the 1st quarter. Norinchukin Bank The now owns 81,297 shares of the utilities provider’s stock valued at $6,667,000 after acquiring an additional 4,531 shares in the last quarter. IBM Retirement Fund lifted its stake in Duke Energy Corporation by 122.4% during the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after acquiring an additional 9,432 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Duke Energy Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock valued at $3,628,000 after acquiring an additional 400 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its stake in Duke Energy Corporation by 2.0% during the 2nd quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock valued at $448,000 after acquiring an additional 104 shares in the last quarter. 56.21% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. Citigroup Inc. raised their price objective on Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. SunTrust Banks, Inc. restated a “hold” rating and set a $88.00 price objective on shares of Duke Energy Corporation in a research note on Thursday, October 12th. J P Morgan Chase & Co raised their price objective on Duke Energy Corporation from $83.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research upgraded Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Morgan Stanley raised their price objective on Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $84.71.
Shares of Duke Energy Corporation (NYSE DUK) opened at 87.93 on Monday. The stock’s 50 day moving average price is $86.07 and its 200-day moving average price is $84.98. The company has a market capitalization of $61.55 billion, a PE ratio of 26.05 and a beta of 0.24. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $88.40.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. On average, equities analysts predict that Duke Energy Corporation will post $4.59 EPS for the current year.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.07% of the company’s stock.
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Duke Energy Corporation Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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