Camden National Bank grew its stake in Duke Energy Corp (NYSE:DUK) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,009 shares of the utilities provider’s stock after purchasing an additional 2,901 shares during the period. Camden National Bank’s holdings in Duke Energy were worth $5,944,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in DUK. CWM LLC boosted its holdings in shares of Duke Energy by 66.6% in the 2nd quarter. CWM LLC now owns 168,361 shares of the utilities provider’s stock worth $14,856,000 after acquiring an additional 67,306 shares in the last quarter. Capital Financial Planning LLC boosted its holdings in shares of Duke Energy by 869.5% in the 2nd quarter. Capital Financial Planning LLC now owns 3,277 shares of the utilities provider’s stock worth $289,000 after acquiring an additional 2,939 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Duke Energy by 0.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 287,050 shares of the utilities provider’s stock worth $25,329,000 after acquiring an additional 1,535 shares in the last quarter. Redwood Investment Management LLC acquired a new position in shares of Duke Energy in the 1st quarter worth approximately $274,000. Finally, Meridian Financial Partners LLC boosted its holdings in shares of Duke Energy by 16.7% in the 3rd quarter. Meridian Financial Partners LLC now owns 5,915 shares of the utilities provider’s stock worth $560,000 after acquiring an additional 845 shares in the last quarter. Institutional investors own 60.27% of the company’s stock.
In other Duke Energy news, EVP Lloyd M. Yates sold 20,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $90.81, for a total transaction of $1,816,200.00. Following the transaction, the executive vice president now owns 41,154 shares of the company’s stock, valued at approximately $3,737,194.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Dwight L. Jacobs sold 1,700 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $91.05, for a total value of $154,785.00. Following the transaction, the senior vice president now directly owns 4,891 shares in the company, valued at approximately $445,325.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,581 shares of company stock worth $2,422,653. Company insiders own 0.09% of the company’s stock.
NYSE:DUK traded down $0.32 during trading hours on Friday, hitting $95.97. 2,311,881 shares of the stock were exchanged, compared to its average volume of 2,783,166. The company’s 50 day moving average is $94.24 and its two-hundred day moving average is $90.07. Duke Energy Corp has a twelve month low of $79.01 and a twelve month high of $97.37. The company has a quick ratio of 0.47, a current ratio of 0.71 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $70.01 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 3.93 and a beta of 0.09.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.14. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts expect that Duke Energy Corp will post 4.98 EPS for the current year.
Several brokerages have recently commented on DUK. Barclays reduced their target price on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 18th. SunTrust Banks set a $96.00 target price on Duke Energy and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 target price on the stock. in a report on Wednesday, June 26th. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Finally, Citigroup reduced their target price on Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $92.78.
About Duke Energy
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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