Washington Trust Bank cut its holdings in Duke Energy Corp (NYSE:DUK) by 20.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,829 shares of the utilities provider’s stock after selling 706 shares during the period. Washington Trust Bank’s holdings in Duke Energy were worth $255,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC increased its position in shares of Duke Energy by 59.0% during the fourth quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 164 shares in the last quarter. Vigilant Capital Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $43,000. Sontag Advisory LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $43,000. Executive Wealth Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $52,000. Finally, Mackey Komara & Dankovich LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $57,000. Institutional investors own 60.68% of the company’s stock.

In other Duke Energy news, COO Dhiaa M. Jamil sold 750 shares of Duke Energy stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total value of $67,312.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Lloyd M. Yates sold 3,500 shares of Duke Energy stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $88.51, for a total value of $309,785.00. The disclosure for this sale can be found here. Insiders sold a total of 21,250 shares of company stock worth $1,900,878 in the last ninety days. 0.09% of the stock is owned by corporate insiders.

A number of analysts have recently commented on DUK shares. Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Wednesday, December 12th. Bank of America cut Duke Energy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Credit Suisse Group cut Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Finally, ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Duke Energy currently has an average rating of “Hold” and an average target price of $85.73.

NYSE DUK opened at $90.25 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.44 and a current ratio of 0.65. Duke Energy Corp has a 52-week low of $71.96 and a 52-week high of $91.67. The stock has a market cap of $65.57 billion, a P/E ratio of 19.12, a P/E/G ratio of 3.64 and a beta of 0.06.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.05). Duke Energy had a return on equity of 7.80% and a net margin of 10.87%. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same period in the prior year, the business earned $0.94 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts predict that Duke Energy Corp will post 4.97 earnings per share for the current fiscal year.

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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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