Today: The First Citizens Bank & Trust Co. reaches $1,002,000 position of Duke Energy Corp. (DUK)

The First Citizens Bank & Trust Co. reaches $1,002,000 position  of Duke Energy Corp. (DUK)

First Citizens Bank & Trust Co. raised its stake in Duke Energy Corp. (NYSE:DUK) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,679 shares of the company’s stock after buying an additional 124 shares during the period. First Citizens Bank & Trust Co.’s holdings in Duke Energy Corp. were worth $1,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jolley Asset Management LLC boosted its position in Duke Energy Corp. by 9.1% in the second quarter. Jolley Asset Management LLC now owns 1,186 shares of the company’s stock valued at $102,000 after buying an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Duke Energy Corp. by 8.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,250 shares of the company’s stock valued at $107,000 after buying an additional 100 shares during the last quarter. Carnick & Kubik LLC purchased a new stake in shares of Duke Energy Corp. during the first quarter valued at approximately $113,000. Mercer Capital Advisers Inc. raised its stake in shares of Duke Energy Corp. by 394.2% in the second quarter. Mercer Capital Advisers Inc. now owns 1,705 shares of the company’s stock valued at $146,000 after buying an additional 1,360 shares during the last quarter. Finally, Parasol Investment Management LLC raised its stake in shares of Duke Energy Corp. by 2.8% in the second quarter. Parasol Investment Management LLC now owns 1,815 shares of the company’s stock valued at $156,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 56.56% of the company’s stock.

Duke Energy Corp. (NYSE:DUK) traded up 0.599% during midday trading on Wednesday, hitting $76.365. The company had a trading volume of 1,418,546 shares. The company has a 50 day moving average price of $79.78 and a 200 day moving average price of $81.13. The firm has a market capitalization of $52.61 billion, a P/E ratio of 20.186 and a beta of 0.13. Duke Energy Corp. has a 1-year low of $65.50 and a 1-year high of $87.75.

Duke Energy Corp. (NYSE:DUK) last issued its earnings results on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ 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 quarter last year, the business posted $0.95 EPS. Equities research analysts forecast that Duke Energy Corp. will post $4.59 earnings per share for the current fiscal year.

Several analysts recently commented on DUK shares. Zacks Investment Research raised Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Tuesday, July 12th. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a report on Wednesday, September 14th. SunTrust Banks Inc. lifted their price objective on Duke Energy Corp. from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, September 26th. Mizuho lifted their price objective on Duke Energy Corp. from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Finally, Citigroup Inc. lifted their price objective on Duke Energy Corp. from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $80.23.

In related news, EVP Douglas F. Esamann sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total value of $253,740.00. Following the completion of the transaction, the executive vice president now owns 50,609 shares in the company, valued at approximately $4,280,509.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is owned by corporate insiders.

About Duke Energy Corp.

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).

Related posts

Leave a Comment