Optimum Investment Advisors Raises Stock Holdings in Duke Energy Corp (NYSE:DUK)

Optimum Investment Advisors increased its stake in shares of Duke Energy Corp (NYSE:DUK) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,184 shares of the utilities provider’s stock after purchasing an additional 233 shares during the quarter. Optimum Investment Advisors’ holdings in Duke Energy were worth $784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. First Midwest Bank Trust Division lifted its stake in shares of Duke Energy by 7.1% during the 3rd quarter. First Midwest Bank Trust Division now owns 13,244 shares of the utilities provider’s stock worth $1,270,000 after purchasing an additional 875 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Duke Energy by 10.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 61,616 shares of the utilities provider’s stock worth $5,907,000 after purchasing an additional 5,600 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Duke Energy by 5.3% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 35,356 shares of the utilities provider’s stock worth $3,389,000 after purchasing an additional 1,773 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Duke Energy by 1.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 170,133 shares of the utilities provider’s stock worth $16,309,000 after purchasing an additional 3,218 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in shares of Duke Energy by 4.7% during the 3rd quarter. ST Germain D J Co. Inc. now owns 4,459 shares of the utilities provider’s stock worth $427,000 after purchasing an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 60.32% of the company’s stock.

Duke Energy stock opened at $95.35 on Friday. The stock has a 50-day moving average of $94.91 and a two-hundred day moving average of $90.27. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.47 and a current ratio of 0.71. Duke Energy Corp has a one year low of $80.89 and a one year high of $97.37. The stock has a market cap of $69.34 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 3.90 and a beta of 0.09.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 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 company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the business posted $0.93 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Duke Energy Corp will post 4.98 EPS for the current fiscal year.

A number of equities research analysts have commented on the company. Credit Suisse Group increased their price target on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Citigroup decreased their price target on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Morgan Stanley increased their price target on Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $94.22.

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

Duke Energy Company 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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