Landsberg Bennett & Dubbaneh LLC lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 1.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,045 shares of the utilities provider’s stock after selling 133 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Duke Energy were worth $892,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new position in Duke Energy during the 1st quarter valued at about $25,000. Proficio Capital Partners LLC boosted its stake in Duke Energy by 59.0% during the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 164 shares during the last quarter. Riverview Trust Co acquired a new position in Duke Energy during the 1st quarter valued at about $39,000. Vigilant Capital Management LLC acquired a new position in Duke Energy during the 4th quarter valued at about $43,000. Finally, Sontag Advisory LLC acquired a new position in Duke Energy during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 60.68% of the company’s stock.
In related news, EVP Melissa H. Anderson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total value of $174,980.00. Following the transaction, the executive vice president now owns 18,198 shares in the company, valued at $1,592,143.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Lynn J. Good sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $89.92, for a total value of $1,348,800.00. The disclosure for this sale can be found here. Insiders sold a total of 21,250 shares of company stock worth $1,900,878 in the last 90 days. Company insiders own 0.09% of the company’s stock.
Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). Duke Energy had a return on equity of 7.80% and a net margin of 10.87%. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter in the previous year, the firm earned $0.94 EPS. Duke Energy’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that Duke Energy Corp will post 4.97 EPS for the current fiscal year.
DUK has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Finally, ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Duke Energy presently has a consensus rating of “Hold” and a consensus price target of $85.73.
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Duke Energy Company Profile
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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