Park National Corp OH cut its holdings in shares of Duke Energy Co. (NYSE:DUK) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,846 shares of the utilities provider’s stock after selling 996 shares during the quarter. Park National Corp OH’s holdings in Duke Energy were worth $2,688,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Simon Quick Advisors LLC increased its holdings in shares of Duke Energy by 161.2% in the fourth quarter. Simon Quick Advisors LLC now owns 269 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 166 shares during the last quarter. Greenhouse Wealth Management LLC bought a new stake in shares of Duke Energy in the fourth quarter worth about $25,000. Defined Wealth Management LLC bought a new stake in shares of Duke Energy in the fourth quarter worth about $26,000. Crescent Capital Consulting LLC bought a new stake in shares of Duke Energy in the fourth quarter worth about $27,000. Finally, St. Johns Investment Management Company LLC increased its holdings in shares of Duke Energy by 54.7% in the fourth quarter. St. Johns Investment Management Company LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 110 shares during the last quarter. 63.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:DUK opened at $97.73 on Thursday. Duke Energy Co. has a 1 year low of $77.58 and a 1 year high of $98.88. The business has a 50 day simple moving average of $91.47 and a two-hundred day simple moving average of $91.49. The firm has a market capitalization of $75.18 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 4.88 and a beta of 0.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.52 and a quick ratio of 0.33.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,802 shares of the business’s stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of $89.35, for a total transaction of $161,008.70. Following the completion of the transaction, the senior vice president now owns 5,794 shares in the company, valued at $517,693.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by insiders.
DUK has been the topic of several research reports. Mizuho lifted their target price on Duke Energy from $93.00 to $96.00 in a report on Monday, February 1st. Morgan Stanley lifted their price target on Duke Energy from $99.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 25th. The Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 price target for the company. in a research report on Thursday, January 14th. Credit Suisse Group lifted their price target on Duke Energy from $92.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, January 29th. Finally, Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and set a $94.00 price target for the company. in a research report on Friday, February 12th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $98.20.
Duke Energy 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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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