Flagship Harbor Advisors LLC boosted its position in Duke Energy Corp (NYSE:DUK) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,264 shares of the utilities provider’s stock after buying an additional 502 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Duke Energy were worth $743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Canton Hathaway LLC bought a new stake in Duke Energy in the first quarter valued at approximately $25,000. Riverview Trust Co bought a new stake in Duke Energy in the first quarter valued at approximately $39,000. Proficio Capital Partners LLC lifted its position in Duke Energy by 59.0% in the fourth quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 164 shares during the last quarter. Sontag Advisory LLC bought a new position in shares of Duke Energy during the fourth quarter valued at approximately $43,000. Finally, Vigilant Capital Management LLC bought a new position in shares of Duke Energy during the fourth quarter valued at approximately $43,000. 60.74% of the stock is owned by institutional investors and hedge funds.
Shares of Duke Energy stock opened at $89.09 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The company has a market cap of $65.81 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 3.66 and a beta of 0.06. Duke Energy Corp has a 52 week low of $71.96 and a 52 week high of $91.67.
DUK has been the subject of a number of recent analyst reports. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $88.00 to $87.00 in a report on Wednesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Morgan Stanley upped their target price on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Finally, ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.73.
In other Duke Energy news, Chairman Lynn J. Good sold 15,000 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $89.92, for a total value of $1,348,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lloyd M. Yates sold 3,500 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $88.51, for a total value of $309,785.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,250 shares of company stock valued at $1,900,878. 0.09% of the stock is owned by corporate insiders.
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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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