Murphy Capital Management Inc. decreased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,245 shares of the utilities provider’s stock after selling 664 shares during the quarter. Murphy Capital Management Inc.’s holdings in Duke Energy were worth $2,611,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Thor Advisors LLC bought a new stake in Duke Energy during the first quarter worth $30,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Duke Energy in the second quarter valued at about $34,000. Ellevest Inc. raised its position in shares of Duke Energy by 334.8% in the second quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 308 shares during the period. Larson Financial Group LLC raised its position in shares of Duke Energy by 65.5% in the second quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 167 shares during the period. Finally, Tarbox Family Office Inc. raised its position in shares of Duke Energy by 46.5% in the second quarter. Tarbox Family Office Inc. now owns 457 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 60.27% of the company’s stock.
DUK has been the topic of several research analyst reports. SunTrust Banks set a $96.00 price objective on shares of Duke Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Citigroup dropped their price objective on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Morgan Stanley increased their price objective on shares of Duke Energy from $93.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Credit Suisse Group increased their price objective on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Barclays dropped their price objective on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Duke Energy currently has a consensus rating of “Hold” and a consensus target price of $92.78.
NYSE:DUK traded up $0.07 during mid-day trading on Friday, reaching $96.36. 1,299,861 shares of the company’s stock were exchanged, compared to its average volume of 2,783,166. Duke Energy Corp has a one year low of $79.01 and a one year high of $97.37. The firm has a market capitalization of $70.01 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 3.93 and a beta of 0.09. The business’s fifty day simple moving average is $94.24 and its two-hundred day simple moving average is $90.07. 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 (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period last year, the firm earned $0.93 earnings per share. Duke Energy’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities research analysts forecast that Duke Energy Corp will post 4.98 EPS for the current year.
In related news, EVP Douglas F. Esamann sold 4,430 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $92.44, for a total transaction of $409,509.20. Following the transaction, the executive vice president now directly owns 64,722 shares of the company’s stock, valued at $5,982,901.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $91.05, for a total transaction of $154,785.00. Following the transaction, the senior vice president now directly owns 4,891 shares in the company, valued at $445,325.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,581 shares of company stock worth $2,422,653. 0.09% of the stock is owned by 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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