Home Federal Bank of Tennessee Reduces Stake in Duke Energy Corp (DUK)

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Home Federal Bank of Tennessee lowered its position in shares of Duke Energy Corp (NYSE:DUK) by 0.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,387 shares of the utilities provider’s stock after selling 195 shares during the quarter. Duke Energy comprises 1.3% of Home Federal Bank of Tennessee’s holdings, making the stock its 10th biggest position. Home Federal Bank of Tennessee’s holdings in Duke Energy were worth $2,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley raised its stake in Duke Energy by 13.8% during the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock worth $303,498,000 after acquiring an additional 460,092 shares in the last quarter. First Mercantile Trust Co. raised its stake in Duke Energy by 69.4% during the fourth quarter. First Mercantile Trust Co. now owns 1,050 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 430 shares in the last quarter. Ffcm LLC raised its stake in Duke Energy by 12.8% during the fourth quarter. Ffcm LLC now owns 34,758 shares of the utilities provider’s stock worth $3,000,000 after acquiring an additional 3,947 shares in the last quarter. Northern Trust Corp raised its stake in Duke Energy by 4.7% during the fourth quarter. Northern Trust Corp now owns 9,338,113 shares of the utilities provider’s stock worth $805,879,000 after acquiring an additional 415,434 shares in the last quarter. Finally, Union Bankshares Corp raised its stake in Duke Energy by 43.4% during the fourth quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock worth $724,000 after acquiring an additional 2,536 shares in the last quarter. 60.74% of the stock is owned by institutional investors.

In related news, EVP Melissa H. Anderson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total value of $174,980.00. Following the sale, the executive vice president now directly owns 18,198 shares in the company, valued at $1,592,143.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Dhiaa M. Jamil sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $89.75, for a total value of $67,312.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,250 shares of company stock worth $1,900,878. Company insiders own 0.09% of the company’s stock.

Several research analysts have commented on DUK shares. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $88.00 to $87.00 in a research note 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 research note on Tuesday, January 8th. Credit Suisse Group cut Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Morgan Stanley boosted their price target on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Finally, ValuEngine cut Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Duke Energy has an average rating of “Hold” and an average price target of $85.73.

NYSE:DUK opened at $89.09 on Wednesday. The stock has a market cap of $65.81 billion, a PE ratio of 18.88, a PEG ratio of 3.66 and a beta of 0.06. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.67.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.05). The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.84 billion. Duke Energy had a return on equity of 7.80% and a net margin of 10.87%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. As a group, sell-side analysts anticipate that Duke Energy Corp will post 4.95 earnings per share for the current year.

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

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