Truist Financial Corp trimmed its holdings in Duke Energy Co. (NYSE:DUK – Free Report) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 889,657 shares of the utilities provider’s stock after selling 83,366 shares during the quarter. Truist Financial Corp owned approximately 0.12% of Duke Energy worth $86,332,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of DUK. Wellington Management Group LLP increased its stake in Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after buying an additional 1,002,157 shares during the period. Morgan Stanley increased its stake in Duke Energy by 4.9% in the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock valued at $923,907,000 after buying an additional 492,011 shares during the period. Northern Trust Corp increased its stake in Duke Energy by 1.9% in the 3rd quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock valued at $698,923,000 after buying an additional 144,612 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Duke Energy by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,672,930 shares of the utilities provider’s stock valued at $656,321,000 after buying an additional 124,114 shares during the period. Finally, FMR LLC increased its stake in Duke Energy by 11.0% in the 3rd quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock valued at $635,952,000 after buying an additional 715,069 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Mizuho upped their price target on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Scotiabank lowered their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Hold” and an average price target of $100.62.
Get Our Latest Report on Duke Energy
Insider Transactions at Duke Energy
In other news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at approximately $1,315,697.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.
Duke Energy Trading Down 1.3 %
NYSE:DUK traded down $1.32 on Friday, reaching $97.71. The stock had a trading volume of 1,994,792 shares, compared to its average volume of 2,375,920. The company has a market cap of $75.38 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 2.63 and a beta of 0.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The firm’s fifty day moving average is $94.84 and its two-hundred day moving average is $93.74. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $100.13.
Duke Energy (NYSE:DUK – Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 earnings per share. Equities analysts expect that Duke Energy Co. will post 5.99 EPS for the current fiscal year.
Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.
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