Crow Point Partners LLC purchased a new stake in shares of Duke Energy Corp (NYSE:DUK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 150,000 shares of the utilities provider’s stock, valued at approximately $14,417,000. Duke Energy accounts for 2.1% of Crow Point Partners LLC’s investment portfolio, making the stock its 18th largest holding.
A number of other large investors have also made changes to their positions in the stock. Thor Advisors LLC bought a new stake in Duke Energy during the 1st quarter valued at approximately $30,000. Redhawk Wealth Advisors Inc. bought a new stake in Duke Energy during the 2nd quarter valued at approximately $34,000. Ellevest Inc. boosted its position in Duke Energy by 334.8% during the 2nd quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 308 shares in the last quarter. Larson Financial Group LLC boosted its position in Duke Energy by 65.5% during the 2nd quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 167 shares in the last quarter. Finally, Tarbox Family Office Inc. boosted its position in Duke Energy by 46.5% during the 2nd quarter. Tarbox Family Office Inc. now owns 457 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 60.27% of the company’s stock.
In related news, EVP Lloyd M. Yates sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $90.81, for a total value of $1,816,200.00. Following the completion of the transaction, the executive vice president now directly owns 41,154 shares in the company, valued at approximately $3,737,194.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Douglas F. Esamann sold 4,430 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $92.44, for a total transaction of $409,509.20. Following the completion of the transaction, the executive vice president now owns 64,722 shares of the company’s stock, valued at $5,982,901.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,581 shares of company stock worth $2,422,653. Insiders own 0.09% of the company’s stock.
Several research firms have weighed in on DUK. ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Barclays cut their price objective on 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. Citigroup cut their price objective on 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 lifted their price objective on Duke Energy from $93.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Credit Suisse Group lifted their price objective on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $92.78.
Shares of DUK traded down $0.06 during mid-day trading on Wednesday, reaching $96.03. The company had a trading volume of 2,298,506 shares, compared to its average volume of 3,075,682. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.47 and a current ratio of 0.71. The firm has a 50-day moving average price of $94.14 and a 200 day moving average price of $90.04. Duke Energy Corp has a 52 week low of $79.01 and a 52 week high of $97.37. The company has a market capitalization of $70.80 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.98 and a beta of 0.09.
Duke Energy (NYSE:DUK) last issued 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 return on equity of 8.02% and a net margin of 13.23%. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, research analysts forecast that Duke Energy Corp will post 4.98 earnings per share for the current fiscal year.
About Duke Energy
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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