Duke Energy Corp. (DUK) Shares Sold by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. decreased its stake in shares of Duke Energy Corp. (NYSE:DUK) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 150,235 shares of the company’s stock after selling 1,236 shares during the period. Tocqueville Asset Management L.P.’s holdings in Duke Energy Corp. were worth $12,889,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. acquired a new position in Duke Energy Corp. during the first quarter valued at $3,202,000. USS Investment Management Ltd acquired a new position in Duke Energy Corp. during the first quarter valued at $6,539,000. Bessemer Group Inc. raised its position in Duke Energy Corp. by 4.6% in the first quarter. Bessemer Group Inc. now owns 13,592 shares of the company’s stock valued at $1,097,000 after buying an additional 601 shares during the period. Advisor Partners LLC raised its position in Duke Energy Corp. by 60.3% in the first quarter. Advisor Partners LLC now owns 17,022 shares of the company’s stock valued at $1,373,000 after buying an additional 6,405 shares during the period. Finally, Berkeley Capital Partners LLC raised its position in Duke Energy Corp. by 20.4% in the first quarter. Berkeley Capital Partners LLC now owns 5,469 shares of the company’s stock valued at $441,000 after buying an additional 925 shares during the period. 56.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Duke Energy Corp. (NYSE:DUK) traded down 0.89% during trading on Friday, reaching $77.25. 1,576,808 shares of the company traded hands. Duke Energy Corp. has a 12 month low of $65.50 and a 12 month high of $87.75. The stock has a market cap of $53.22 billion, a P/E ratio of 20.42 and a beta of 0.13. The stock’s 50 day moving average price is $79.54 and its 200-day moving average price is $81.07.
Duke Energy Corp. (NYSE:DUK) last posted its earnings results on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The company earned $5.10 billion during the quarter, compared to analyst estimates of $5.71 billion. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. During the same period in the previous year, the company earned $0.95 EPS. On average, equities research analysts expect that Duke Energy Corp. will post $4.59 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. Argus restated a “hold” rating on shares of Duke Energy Corp. in a research report on Tuesday, October 4th. Citigroup Inc. reduced their price objective on shares of Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, October 4th. Zacks Investment Research lowered shares of Duke Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. SunTrust Banks Inc. raised their price objective on shares of Duke Energy Corp. from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, September 26th. Finally, Scotiabank restated a “sector perform” rating and set a $88.00 price objective (up previously from $78.00) on shares of Duke Energy Corp. in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $80.23.
In other news, EVP Douglas F. Esamann sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the transaction, the executive vice president now directly owns 50,609 shares in the company, valued at approximately $4,280,509.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.08% of the company’s stock.
Duke Energy Corp. Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
Receive News & Stock Ratings for Duke Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corp. and related stocks with our FREE daily email newsletter.