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.
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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