Mcmillion Capital Management Inc. grew its holdings in Duke Energy Corporation (NYSE:DUK) by 36.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,744 shares of the utilities provider’s stock after buying an additional 1,000 shares during the quarter. Mcmillion Capital Management Inc.’s holdings in Duke Energy Corporation were worth $313,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank increased its stake in Duke Energy Corporation by 21.9% in the 1st quarter. Swiss National Bank now owns 3,093,691 shares of the utilities provider’s stock valued at $253,714,000 after purchasing an additional 555,000 shares in the last quarter. World Asset Management Inc increased its stake in Duke Energy Corporation by 11.2% in the 1st quarter. World Asset Management Inc now owns 73,416 shares of the utilities provider’s stock valued at $6,021,000 after purchasing an additional 7,400 shares in the last quarter. Morse Asset Management Inc purchased a new position in Duke Energy Corporation in the 1st quarter valued at approximately $246,000. Trust Co. of Virginia VA increased its stake in Duke Energy Corporation by 9.6% in the 1st quarter. Trust Co. of Virginia VA now owns 12,108 shares of the utilities provider’s stock valued at $993,000 after purchasing an additional 1,057 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Duke Energy Corporation by 11.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,984,715 shares of the utilities provider’s stock valued at $244,776,000 after purchasing an additional 297,467 shares in the last quarter. 56.21% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on DUK. Citigroup Inc. raised their price objective on Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $88.00 price objective on shares of Duke Energy Corporation in a research note on Thursday, October 12th. J P Morgan Chase & Co raised their price objective on Duke Energy Corporation from $83.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Morgan Stanley raised their price objective on Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $84.71.
Duke Energy Corporation (NYSE:DUK) opened at 87.85 on Friday. The firm’s 50-day moving average price is $86.05 and its 200 day moving average price is $84.94. The stock has a market cap of $61.49 billion, a P/E ratio of 26.02 and a beta of 0.24. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.40.
Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current year.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the sale, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
Duke Energy Corporation Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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