Cim Investment Mangement Inc. Has $578,000 Position in Duke Energy Corporation (DUK)
Cim Investment Mangement Inc. lowered its stake in shares of Duke Energy Corporation (NYSE:DUK) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,916 shares of the utilities provider’s stock after selling 117 shares during the quarter. Cim Investment Mangement Inc.’s holdings in Duke Energy Corporation were worth $578,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Winfield Associates Inc. grew its position in Duke Energy Corporation by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares in the last quarter. Jolley Asset Management LLC grew its position in Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after buying an additional 313 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new stake in Duke Energy Corporation during the second quarter worth approximately $130,000. Advantage Investment Management LLC grew its position in Duke Energy Corporation by 37.4% during the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its position in Duke Energy Corporation by 104.1% during the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after buying an additional 1,010 shares in the last quarter. 56.21% of the stock is currently owned by institutional investors and hedge funds.
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Duke Energy Corporation (NYSE DUK) opened at 87.04 on Thursday. The stock has a 50 day moving average price of $86.03 and a 200 day moving average price of $84.92. The company has a market capitalization of $60.92 billion, a price-to-earnings ratio of 25.78 and a beta of 0.24. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $88.40.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. Equities research analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current year.
In other news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the completion of the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
DUK has been the topic of a number of analyst reports. Zacks Investment Research downgraded Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $87.00 target price on shares of Duke Energy Corporation in a report on Wednesday, October 4th. BidaskClub raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Morgan Stanley raised their target price on Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $84.71.
Duke Energy Corporation Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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