Traders Sell Shares of Duke Energy (DUK) on Strength (DUK)

Investors sold shares of Duke Energy Corp (NYSE:DUK) on strength during trading hours on Monday. $44.52 million flowed into the stock on the tick-up and $106.50 million flowed out of the stock on the tick-down, for a money net flow of $61.98 million out of the stock. Of all stocks tracked, Duke Energy had the 19th highest net out-flow for the day. Duke Energy traded up $0.74 for the day and closed at $82.14

DUK has been the topic of a number of research reports. Barclays initiated coverage on shares of Duke Energy in a report on Tuesday, July 10th. They set an “equal weight” rating and a $86.00 target price on the stock. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Howard Weil initiated coverage on shares of Duke Energy in a report on Tuesday, July 24th. They set a “sector outperform” rating and a $85.00 target price on the stock. Scotiabank initiated coverage on shares of Duke Energy in a report on Tuesday, July 24th. They set a “buy” rating and a $85.00 target price on the stock. Finally, Wells Fargo & Co boosted their target price on shares of Duke Energy from $86.00 to $89.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Duke Energy presently has a consensus rating of “Hold” and a consensus target price of $84.06.

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.66. The company has a market cap of $57.00 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 3.65 and a beta of 0.03.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.08). Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the prior year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Corp will post 4.72 EPS for the current year.

In other news, COO Dhiaa M. Jamil sold 7,000 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $80.98, for a total value of $566,860.00. Following the sale, the chief operating officer now directly owns 4,279 shares of the company’s stock, valued at approximately $346,513.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Dhiaa M. Jamil sold 4,279 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total transaction of $348,909.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,779 shares of company stock worth $956,650. Insiders own 0.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Zimmer Partners LP boosted its stake in Duke Energy by 939.3% during the first quarter. Zimmer Partners LP now owns 7,110,600 shares of the utilities provider’s stock worth $550,858,000 after acquiring an additional 6,426,400 shares in the last quarter. Millennium Management LLC boosted its stake in Duke Energy by 1,731.2% during the first quarter. Millennium Management LLC now owns 1,412,332 shares of the utilities provider’s stock worth $109,413,000 after acquiring an additional 1,335,204 shares in the last quarter. FMR LLC boosted its stake in Duke Energy by 28.5% during the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock worth $365,201,000 after acquiring an additional 1,023,646 shares in the last quarter. PointState Capital LP bought a new position in Duke Energy during the second quarter worth $49,727,000. Finally, Lord Abbett & CO. LLC boosted its stake in Duke Energy by 34.2% during the first quarter. Lord Abbett & CO. LLC now owns 2,072,691 shares of the utilities provider’s stock worth $160,572,000 after acquiring an additional 528,159 shares in the last quarter. 58.70% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Company Profile (NYSE:DUK)

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.

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