Duke Energy Corp (DUK) Stake Lessened by CHICAGO TRUST Co NA
CHICAGO TRUST Co NA cut its holdings in Duke Energy Corp (NYSE:DUK) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,111 shares of the utilities provider’s stock after selling 370 shares during the period. CHICAGO TRUST Co NA’s holdings in Duke Energy were worth $640,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its holdings in shares of Duke Energy by 59.0% in the fourth quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 164 shares in the last quarter. Riverview Trust Co purchased a new position in Duke Energy in the first quarter valued at approximately $39,000. Vigilant Capital Management LLC purchased a new position in Duke Energy in the fourth quarter valued at approximately $43,000. Sontag Advisory LLC purchased a new position in Duke Energy in the fourth quarter valued at approximately $43,000. Finally, Executive Wealth Management LLC purchased a new position in Duke Energy in the fourth quarter valued at approximately $52,000. 60.68% of the stock is owned by institutional investors.
Several equities analysts recently commented on DUK shares. Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Wednesday, December 12th. Morgan Stanley upped their price objective on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Bank of America upped their price objective on Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, March 11th. Finally, Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $85.73.
Duke Energy stock opened at $89.94 on Thursday. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.67. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $65.67 billion, a P/E ratio of 19.06, a PEG ratio of 3.63 and a beta of 0.06.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.05). The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. Duke Energy’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. On average, analysts predict that Duke Energy Corp will post 4.97 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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