Trade Report: The Wealth Enhancement Advisory Services LLC invests in Duke Energy Corp. (DUK) Shares

The Wealth Enhancement Advisory Services LLC invests in Duke Energy Corp. (DUK) Shares

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Duke Energy Corp. (NYSE:DUK) by 12.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,210 shares of the company’s stock after buying an additional 2,617 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Duke Energy Corp. were worth $1,991,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its position in Duke Energy Corp. by 7.1% in the first quarter. State Street Corp now owns 33,751,418 shares of the company’s stock valued at $2,723,058,000 after buying an additional 2,230,071 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Duke Energy Corp. during the second quarter worth about $73,310,000. Renaissance Technologies LLC increased its position in shares of Duke Energy Corp. by 25.2% in the first quarter. Renaissance Technologies LLC now owns 4,016,967 shares of the company’s stock worth $324,089,000 after buying an additional 808,700 shares during the period. Old Mutual Global Investors UK Ltd. increased its position in shares of Duke Energy Corp. by 5,854.6% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 552,761 shares of the company’s stock worth $47,421,000 after buying an additional 543,478 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Duke Energy Corp. by 85.6% in the second quarter. Acadian Asset Management LLC now owns 957,001 shares of the company’s stock worth $82,100,000 after buying an additional 441,335 shares during the period. Hedge funds and other institutional investors own 56.56% of the company’s stock.

Shares of Duke Energy Corp. (NYSE:DUK) traded up 0.74% during mid-day trading on Monday, reaching $77.78. The company had a trading volume of 813,251 shares. Duke Energy Corp. has a one year low of $65.50 and a one year high of $87.75. The company has a 50 day moving average price of $79.41 and a 200 day moving average price of $81.06. The company has a market capitalization of $53.59 billion, a price-to-earnings ratio of 20.56 and a beta of 0.13.

Duke Energy Corp. (NYSE:DUK) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. The business 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 in the prior year, the company posted $0.95 EPS. On average, analysts anticipate that Duke Energy Corp. will post $4.59 EPS for the current year.

Several equities research analysts recently commented on the company. Scotiabank reaffirmed a “sector perform” rating and set a $88.00 target price (up previously from $78.00) on shares of Duke Energy Corp. in a research note on Wednesday, August 10th. Citigroup Inc. decreased their target price on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a research note on Tuesday, October 4th. SunTrust Banks Inc. decreased their target price on Duke Energy Corp. from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, September 12th. Finally, Mizuho reaffirmed a “neutral” rating and set a $75.00 target price on shares of Duke Energy Corp. in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. Duke Energy Corp. has a consensus rating of “Hold” and an average price target of $80.23.

In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the transaction, the executive vice president now owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.

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