Home Federal Bank of Tennessee decreased its position in Duke Energy Corp (NYSE:DUK) by 0.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 30,387 shares of the utilities provider’s stock after selling 195 shares during the quarter. Duke Energy accounts for approximately 1.3% of Home Federal Bank of Tennessee’s holdings, making the stock its 10th biggest holding. Home Federal Bank of Tennessee’s holdings in Duke Energy were worth $2,735,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of DUK. Canton Hathaway LLC bought a new position in shares of Duke Energy in the 1st quarter valued at about $25,000. Proficio Capital Partners LLC boosted its stake in shares of Duke Energy by 59.0% in the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 164 shares during the last quarter. Riverview Trust Co bought a new position in shares of Duke Energy in the 1st quarter valued at about $39,000. Vigilant Capital Management LLC bought a new position in shares of Duke Energy in the 4th quarter valued at about $43,000. Finally, Sontag Advisory LLC bought a new position in shares of Duke Energy in the 4th quarter valued at about $43,000. 60.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:DUK opened at $89.09 on Wednesday. The company has a market capitalization of $65.81 billion, a P/E ratio of 18.88, a PEG ratio of 3.66 and a beta of 0.06. 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 fifty-two week low of $71.96 and a fifty-two week high of $91.67.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, analysts forecast that Duke Energy Corp will post 4.95 EPS for the current fiscal year.
DUK has been the topic of several recent research reports. Bank of America lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Credit Suisse Group lowered shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Morgan Stanley raised their target price on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Finally, ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $85.73.
In related news, COO Dhiaa M. Jamil sold 750 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $89.75, for a total value of $67,312.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $89.92, for a total transaction of $1,348,800.00. The disclosure for this sale can be found here. Insiders sold a total of 21,250 shares of company stock worth $1,900,878 over the last quarter. 0.09% of the stock is currently owned by corporate insiders.
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Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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