Schaper Benz & Wise Investment Counsel Inc. WI Reduces Stake in Duke Energy Corp (DUK)

Schaper Benz & Wise Investment Counsel Inc. WI lowered its stake in shares of Duke Energy Corp (NYSE:DUK) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,834 shares of the utilities provider’s stock after selling 866 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Duke Energy were worth $4,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wagner Wealth Management LLC raised its holdings in shares of Duke Energy by 28.9% in the 2nd quarter. Wagner Wealth Management LLC now owns 2,753 shares of the utilities provider’s stock worth $218,000 after acquiring an additional 617 shares during the last quarter. Providence Capital Advisors LLC raised its holdings in shares of Duke Energy by 4.4% in the 2nd quarter. Providence Capital Advisors LLC now owns 14,905 shares of the utilities provider’s stock worth $1,179,000 after acquiring an additional 625 shares during the last quarter. Atria Investments LLC raised its holdings in shares of Duke Energy by 16.3% in the 3rd quarter. Atria Investments LLC now owns 4,475 shares of the utilities provider’s stock worth $358,000 after acquiring an additional 626 shares during the last quarter. Benedict Financial Advisors Inc. raised its holdings in shares of Duke Energy by 2.2% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 30,329 shares of the utilities provider’s stock worth $2,398,000 after acquiring an additional 650 shares during the last quarter. Finally, Windward Capital Management Co. CA raised its holdings in shares of Duke Energy by 2.3% in the 3rd quarter. Windward Capital Management Co. CA now owns 28,980 shares of the utilities provider’s stock worth $2,319,000 after acquiring an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 58.83% of the company’s stock.

In other Duke Energy news, COO Dhiaa M. Jamil sold 4,279 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total value of $348,909.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Dhiaa M. Jamil sold 7,000 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $80.98, for a total transaction of $566,860.00. Following the completion of the sale, the chief operating officer now owns 4,279 shares of the company’s stock, valued at approximately $346,513.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,779 shares of company stock valued at $956,650. Company insiders own 0.07% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Morgan Stanley lowered their target price on shares of Duke Energy from $91.00 to $85.00 and set a “hold” rating on the stock in a report on Friday, September 21st. Wells Fargo & Co upped their target price on shares of Duke Energy from $86.00 to $89.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Guggenheim restated a “buy” rating and issued a $86.00 target price on shares of Duke Energy in a report on Friday, August 17th. Finally, Scotiabank assumed coverage on shares of Duke Energy in a report on Tuesday, July 24th. They issued a “buy” rating and a $85.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $84.06.

NYSE:DUK traded up $1.49 on Friday, hitting $82.75. The stock had a trading volume of 427,978 shares, compared to its average volume of 4,670,796. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.66. The firm has a market cap of $57.54 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 3.41 and a beta of 0.03. Duke Energy Corp has a 1 year low of $71.96 and a 1 year high of $91.80.

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