Traders Buy Shares of Duke Energy (DUK) on Weakness

Traders purchased shares of Duke Energy Corp (NYSE:DUK) on weakness during trading hours on Monday. $64.37 million flowed into the stock on the tick-up and $26.58 million flowed out of the stock on the tick-down, for a money net flow of $37.79 million into the stock. Of all equities tracked, Duke Energy had the 25th highest net in-flow for the day. Duke Energy traded down ($0.01) for the day and closed at $90.44

DUK has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Morgan Stanley upped their price objective on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Credit Suisse Group cut shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Bank of America upped their price objective on shares of Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Monday, March 11th. Finally, ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Duke Energy currently has an average rating of “Hold” and a consensus price target of $85.73.

The company has a market cap of $65.68 billion, a PE ratio of 19.16, a PEG ratio of 3.63 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 (NYSE:DUK) last issued its earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). The company 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 for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 EPS. Research analysts forecast that Duke Energy Corp will post 4.97 earnings per share for the current year.

In other news, EVP Melissa H. Anderson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $87.49, for a total value of $174,980.00. Following the sale, the executive vice president now owns 18,198 shares in the company, valued at approximately $1,592,143.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Lynn J. Good sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were 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. In the last 90 days, insiders sold 21,250 shares of company stock worth $1,900,878. Company insiders own 0.09% of the company’s stock.

Several institutional investors have recently modified their holdings of DUK. Canton Hathaway LLC acquired a new stake in Duke Energy during the first quarter worth about $25,000. Riverview Trust Co acquired a new stake in shares of Duke Energy in the first quarter valued at approximately $39,000. Proficio Capital Partners LLC increased its stake 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 purchasing an additional 164 shares during the period. Sontag Advisory LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $43,000. Finally, Vigilant Capital Management LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

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Duke Energy Company Profile (NYSE:DUK)

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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