Livingston Group Asset Management CO operating as Southport Capital Management lessened its position in shares of Duke Energy Corp (NYSE:DUK) by 14.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,725 shares of the utilities provider’s stock after selling 2,618 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Duke Energy were worth $1,258,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Landaas & Co. WI ADV bought a new position in Duke Energy during the 2nd quarter worth about $110,000. Kaizen Advisory LLC increased its holdings 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 purchasing an additional 858 shares in the last quarter. AdvisorNet Financial Inc increased its holdings 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 purchasing an additional 1,002 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Duke Energy during the 2nd quarter worth about $140,000. Finally, Creative Financial Designs Inc. ADV increased its holdings 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 purchasing an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 58.70% of the company’s stock.
In related news, COO Dhiaa M. Jamil sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $80.98, for a total value of $566,860.00. Following the completion of the sale, the chief operating officer now directly owns 4,279 shares in the company, valued at approximately $346,513.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melissa H. Anderson sold 500 shares of the firm’s 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 owns 15,096 shares of the company’s stock, valued at $1,234,248.96. 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 90 days. 0.08% of the stock is owned by corporate insiders.
A number of research firms have issued reports on DUK. Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley lowered their target price on Duke Energy from $91.00 to $85.00 and set a “hold” rating for the company in a report on Friday, September 21st. Wells Fargo & Co increased their target price on Duke Energy from $86.00 to $89.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Guggenheim reiterated a “buy” rating and set a $86.00 target price on shares of Duke Energy in a report on Friday, August 17th. Finally, Scotiabank began coverage on Duke Energy in a report on Tuesday, July 24th. They set a “buy” rating and a $85.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $84.06.
Shares of NYSE DUK traded down $0.01 during mid-day trading on Friday, hitting $79.97. The company had a trading volume of 577,522 shares, compared to its average volume of 3,790,979. The stock has a market capitalization of $57.00 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 3.65 and a beta of 0.03. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.66 and a quick ratio of 0.41. Duke Energy Corp has a one year low of $71.96 and a one year high of $91.80.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.08). The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.61 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. Duke Energy’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. On average, sell-side analysts expect that Duke Energy Corp will post 4.72 EPS for the current year.
About Duke Energy
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.
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.