Cypress Asset Management Inc. TX decreased its holdings in Duke Energy Corp (NYSE:DUK) by 31.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 quarter.

A number of other large investors have also modified their holdings of the business. Wagner Wealth Management LLC raised its position in 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 buying an additional 617 shares during the last quarter. Providence Capital Advisors LLC increased its position in shares of Duke Energy by 4.4% during the 2nd quarter. Providence Capital Advisors LLC now owns 14,905 shares of the utilities provider’s stock valued at $1,179,000 after purchasing an additional 625 shares during the last quarter. Atria Investments LLC increased its position in shares of Duke Energy by 16.3% during the 3rd quarter. Atria Investments LLC now owns 4,475 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 626 shares during the last quarter. Benedict Financial Advisors Inc. increased its position in shares of Duke Energy by 2.2% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 30,329 shares of the utilities provider’s stock valued at $2,398,000 after purchasing an additional 650 shares during the last quarter. Finally, Windward Capital Management Co. CA increased its position in shares of Duke Energy by 2.3% during the 3rd quarter. Windward Capital Management Co. CA now owns 28,980 shares of the utilities provider’s stock valued at $2,319,000 after purchasing an additional 652 shares during the last quarter. 58.83% of the stock is owned by institutional investors and hedge funds.

DUK has been the subject of several research reports. Barclays initiated coverage on shares of Duke Energy in a research report on Tuesday, July 10th. They set an “equal weight” rating and a $86.00 price target for the company. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Howard Weil initiated coverage on shares of Duke Energy in a research report on Tuesday, July 24th. They set a “sector outperform” rating and a $85.00 price target for the company. Scotiabank initiated coverage on shares of Duke Energy in a research report on Tuesday, July 24th. They set a “buy” rating and a $85.00 price target for the company. Finally, Wells Fargo & Co upped their price target on shares of Duke Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $84.06.

Shares of NYSE:DUK opened at $82.75 on Friday. The company 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 quick ratio of 0.41, a current ratio of 0.66 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a 12-month low of $71.96 and a 12-month high of $91.80.

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

In related news, COO Dhiaa M. Jamil sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $80.98, for a total transaction of $566,860.00. Following the completion of the transaction, the chief operating officer now directly owns 4,279 shares in the company, valued at approximately $346,513.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Melissa H. Anderson sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $81.76, for a total value of $40,880.00. Following the transaction, the executive vice president now owns 15,096 shares of the company’s stock, valued at $1,234,248.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,779 shares of company stock valued at $956,650. 0.07% of the stock is currently owned by corporate insiders.

Duke Energy Company 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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