Duke Energy Corp (NYSE:DUK) Shares Sold by Stralem & Co. Inc.

Stralem & Co. Inc. reduced its position in Duke Energy Corp (NYSE:DUK) by 0.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 64,883 shares of the utilities provider’s stock after selling 162 shares during the period. Duke Energy accounts for 3.6% of Stralem & Co. Inc.’s investment portfolio, making the stock its 6th biggest holding. Stralem & Co. Inc.’s holdings in Duke Energy were worth $6,220,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DUK. SeaCrest Wealth Management LLC grew its stake in shares of Duke Energy by 1.3% during the third quarter. SeaCrest Wealth Management LLC now owns 8,210 shares of the utilities provider’s stock worth $787,000 after purchasing an additional 107 shares during the period. Trust Co. of Toledo NA OH grew its stake in shares of Duke Energy by 0.6% during the second quarter. Trust Co. of Toledo NA OH now owns 20,026 shares of the utilities provider’s stock worth $1,767,000 after purchasing an additional 122 shares during the period. Palladium Partners LLC grew its stake in shares of Duke Energy by 0.7% during the second quarter. Palladium Partners LLC now owns 17,269 shares of the utilities provider’s stock worth $1,523,000 after purchasing an additional 124 shares during the period. Weather Gauge Advisory LLC grew its stake in shares of Duke Energy by 1.1% during the second quarter. Weather Gauge Advisory LLC now owns 11,552 shares of the utilities provider’s stock worth $1,019,000 after purchasing an additional 125 shares during the period. Finally, Vicus Capital grew its stake in shares of Duke Energy by 4.4% during the second quarter. Vicus Capital now owns 3,013 shares of the utilities provider’s stock worth $266,000 after purchasing an additional 126 shares during the period. 60.32% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on DUK shares. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $91.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday. Barclays decreased their price objective on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 18th. Morgan Stanley lifted their price objective on Duke Energy from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Finally, Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 target price for the company. in a research note on Wednesday, June 26th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $94.11.

In other news, EVP Douglas F. Esamann sold 4,430 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $92.44, for a total value of $409,509.20. Following the sale, the executive vice president now directly owns 64,722 shares in the company, valued at $5,982,901.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lloyd M. Yates sold 20,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $90.81, for a total value of $1,816,200.00. Following the completion of the sale, the executive vice president now owns 41,154 shares in the company, valued at $3,737,194.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,581 shares of company stock valued at $2,422,653. Insiders own 0.09% of the company’s stock.

NYSE:DUK traded down $0.37 on Wednesday, reaching $94.63. The company’s stock had a trading volume of 97,241 shares, compared to its average volume of 2,729,469. Duke Energy Corp has a 1-year low of $79.75 and a 1-year high of $97.37. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.47 and a current ratio of 0.71. The firm has a market cap of $69.92 billion, a PE ratio of 20.06, a PEG ratio of 3.93 and a beta of 0.09. The business’s 50-day moving average price is $94.72 and its two-hundred day moving average price is $90.19.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts expect that Duke Energy Corp will post 4.98 EPS for the current year.

Duke Energy Profile

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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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