Gilman Hill Asset Management LLC increased its stake in shares of Duke Energy Corp (NYSE:DUK) by 4.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,897 shares of the utilities provider’s stock after acquiring an additional 1,848 shares during the period. Duke Energy comprises approximately 1.4% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 24th largest holding. Gilman Hill Asset Management LLC’s holdings in Duke Energy were worth $3,622,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Fund Management LLC raised its holdings in Duke Energy by 5.9% during the second quarter. Royal Fund Management LLC now owns 43,661 shares of the utilities provider’s stock worth $3,488,000 after acquiring an additional 2,432 shares in the last quarter. Rossmore Private Capital acquired a new position in Duke Energy during the second quarter worth approximately $339,000. Balentine LLC acquired a new position in Duke Energy during the first quarter worth approximately $67,000. Quilter Plc increased its position in Duke Energy by 6.4% during the second quarter. Quilter Plc now owns 4,823 shares of the utilities provider’s stock worth $385,000 after buying an additional 291 shares during the last quarter. Finally, RFG Advisory LLC increased its position in Duke Energy by 25.2% during the third quarter. RFG Advisory LLC now owns 6,745 shares of the utilities provider’s stock worth $597,000 after buying an additional 1,357 shares during the last quarter. Institutional investors and hedge funds own 63.79% of the company’s stock.
Shares of NYSE:DUK opened at $92.37 on Friday. The company has a market capitalization of $67.93 billion, a P/E ratio of 32.87, a P/E/G ratio of 4.31 and a beta of 0.23. Duke Energy Corp has a 1 year low of $62.13 and a 1 year high of $103.79. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.55 and a quick ratio of 0.36. The business’s 50 day simple moving average is $85.06 and its 200 day simple moving average is $84.04.
Duke Energy (NYSE:DUK) last released its earnings results on Monday, August 10th. The utilities provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. Duke Energy had a return on equity of 8.10% and a net margin of 8.76%. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same period in the prior year, the company earned $1.12 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that Duke Energy Corp will post 5.08 EPS for the current fiscal year.
A number of equities analysts have weighed in on DUK shares. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $88.00 to $93.00 in a research report on Thursday. Scotiabank downgraded Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a research report on Thursday, October 1st. Morgan Stanley decreased their target price on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. BofA Securities raised Duke Energy from a “neutral” rating to a “buy” rating and decreased their target price for the company from $87.00 to $85.00 in a research report on Wednesday, September 9th. Finally, Bank of America raised Duke Energy from a “neutral” rating to a “buy” rating and decreased their target price for the company from $87.00 to $85.00 in a research report on Wednesday, September 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $92.81.
About Duke Energy
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.
Recommended Story: Stock Symbols Definition, Examples, Lookup
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.