Iowa State Bank Acquires 658 Shares of Duke Energy Corp (DUK)

Iowa State Bank raised its holdings in shares of Duke Energy Corp (NYSE:DUK) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,199 shares of the utilities provider’s stock after buying an additional 658 shares during the period. Iowa State Bank’s holdings in Duke Energy were worth $3,217,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. WINTON GROUP Ltd lifted its position in Duke Energy by 8.9% during the first quarter. WINTON GROUP Ltd now owns 8,790 shares of the utilities provider’s stock valued at $681,000 after buying an additional 721 shares in the last quarter. Boothe Investment Group Inc. purchased a new stake in shares of Duke Energy during the second quarter valued at approximately $420,000. Cornerstone Capital Inc. raised its stake in shares of Duke Energy by 6.2% during the second quarter. Cornerstone Capital Inc. now owns 58,289 shares of the utilities provider’s stock valued at $4,609,000 after purchasing an additional 3,395 shares during the period. Millennium Management LLC raised its stake in shares of Duke Energy by 23.2% during the second quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock valued at $137,648,000 after purchasing an additional 328,285 shares during the period. Finally, Community Bank & Trust Waco Texas raised its stake in shares of Duke Energy by 59.0% during the second quarter. Community Bank & Trust Waco Texas now owns 7,400 shares of the utilities provider’s stock valued at $585,000 after purchasing an additional 2,745 shares during the period. 58.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:DUK traded down $0.66 during midday trading on Wednesday, reaching $80.28. The company had a trading volume of 57,443 shares, compared to its average volume of 3,794,979. The company has a current ratio of 0.66, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The firm has a market cap of $57.00 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 3.65 and a beta of 0.03. Duke Energy Corp has a one year low of $71.96 and a one year high of $91.80.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.08). The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.61 billion. Duke Energy had a return on equity of 7.92% and a net margin of 11.52%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. As a group, equities research analysts forecast that Duke Energy Corp will post 4.72 EPS for the current fiscal year.

A number of research firms have recently issued reports on DUK. Zacks Investment Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. ValuEngine upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Howard Weil began coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They set a “sector outperform” rating and a $85.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Duke Energy from $79.00 to $86.00 and gave the company an “equal weight” rating in a research note on Monday, July 16th. Finally, Guggenheim reiterated a “buy” rating and set a $85.00 price objective on shares of Duke Energy in a research note on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $84.06.

In related news, COO Dhiaa M. Jamil sold 7,000 shares of Duke Energy stock in a transaction on Friday, August 10th. The shares were sold at an average price of $80.98, for a total value of $566,860.00. Following the completion of the sale, the chief operating officer now owns 4,279 shares in the company, valued at $346,513.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Melissa H. Anderson sold 500 shares of Duke Energy 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 completion of the sale, the executive vice president now owns 15,096 shares of the company’s stock, valued at approximately $1,234,248.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,779 shares of company stock valued at $956,650. Insiders own 0.08% of the company’s stock.

Duke Energy Profile

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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