Duke Energy Corp (DUK) Holdings Trimmed by Cypress Asset Management Inc. TX

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Cypress Asset Management Inc. TX trimmed its holdings in Duke Energy Corp (NYSE:DUK) by 31.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,225 shares of the utilities provider’s stock after selling 1,500 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in Duke Energy were worth $258,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Landaas & Co. WI ADV purchased a new stake in shares of Duke Energy during the 2nd quarter worth approximately $110,000. TRUE Private Wealth Advisors purchased a new stake in shares of Duke Energy during the 3rd quarter worth approximately $119,000. Kaizen Advisory LLC raised its holdings in shares of Duke Energy by 125.8% during the 2nd quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 858 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Duke Energy by 137.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Duke Energy during the 2nd quarter worth approximately $140,000. Institutional investors and hedge funds own 58.83% of the company’s stock.

In related news, EVP Melissa H. Anderson sold 500 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $81.76, for a total transaction of $40,880.00. Following the sale, the executive vice president now owns 15,096 shares in the company, valued at approximately $1,234,248.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Dhiaa M. Jamil sold 4,279 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total value of $348,909.66. The disclosure for this sale can be found here. Insiders have sold a total of 11,779 shares of company stock worth $956,650 in the last 90 days. 0.07% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on DUK. Morgan Stanley upped their price objective on Duke Energy from $86.00 to $91.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. Barclays began coverage on Duke Energy in a report on Tuesday, July 10th. They set an “equal weight” rating and a $86.00 price objective on the stock. Scotiabank began coverage on Duke Energy in a report on Tuesday, July 24th. They set a “buy” rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. raised Duke Energy from an “underweight” rating to a “neutral” rating and set a $72.00 price objective on the stock in a report on Monday, July 23rd. Finally, Guggenheim reaffirmed a “buy” rating and set a $85.00 price objective on shares of Duke Energy in a report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $84.06.

NYSE:DUK opened at $82.75 on Friday. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.80. The firm has a market cap of $57.89 billion, a P/E ratio of 17.14, a P/E/G ratio of 3.43 and a beta of 0.03. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.66.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.08). Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts forecast that Duke Energy Corp will post 4.7 EPS for the current year.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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