Plimoth Trust Co. LLC lowered its stake in Duke Energy Co. (NYSE:DUK) by 0.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,201 shares of the utilities provider’s stock after selling 242 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Duke Energy were worth $3,108,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Marshall Wace LLP acquired a new position in shares of Duke Energy during the first quarter worth $79,000. United Bank lifted its holdings in Duke Energy by 3.5% in the 3rd quarter. United Bank now owns 16,154 shares of the utilities provider’s stock worth $1,431,000 after buying an additional 548 shares in the last quarter. Wealth Alliance grew its stake in shares of Duke Energy by 4.5% during the third quarter. Wealth Alliance now owns 8,217 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 357 shares in the last quarter. Westover Capital Advisors LLC purchased a new stake in shares of Duke Energy during the third quarter worth about $405,000. Finally, IHT Wealth Management LLC lifted its stake in shares of Duke Energy by 7.6% in the third quarter. IHT Wealth Management LLC now owns 9,065 shares of the utilities provider’s stock worth $803,000 after acquiring an additional 637 shares in the last quarter. Institutional investors and hedge funds own 63.48% of the company’s stock.
Shares of NYSE DUK traded up $0.92 during mid-day trading on Friday, hitting $100.67. The company had a trading volume of 3,820,931 shares, compared to its average volume of 3,279,604. Duke Energy Co. has a 12 month low of $77.58 and a 12 month high of $99.89. The stock has a market cap of $77.44 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 4.88 and a beta of 0.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.52 and a quick ratio of 0.33. The firm’s 50 day simple moving average is $93.19 and its two-hundred day simple moving average is $92.20.
Several research firms have issued reports on DUK. Credit Suisse Group lifted their price objective on Duke Energy from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday. Mizuho upped their price target on shares of Duke Energy from $93.00 to $96.00 in a report on Monday, February 1st. Wells Fargo & Company raised their price objective on shares of Duke Energy from $97.00 to $104.00 and gave the stock an “equal weight” rating in a report on Wednesday. Barclays upped their target price on shares of Duke Energy from $102.00 to $108.00 and gave the company an “equal weight” rating in a research note on Thursday, January 28th. Finally, The Goldman Sachs Group downgraded Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 price target for the company. in a research note on Thursday, January 14th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $101.09.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,802 shares of the business’s stock in a transaction dated Tuesday, February 23rd. The shares were sold at an average price of $89.35, for a total transaction of $161,008.70. Following the completion of the transaction, the senior vice president now directly owns 5,794 shares of the company’s stock, valued at approximately $517,693.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.
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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
Further Reading: Dividend Reinvestment Plan (DRIP)
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