Billeaud Capital Management Inc. increased its position in Duke Energy Corp (NYSE:DUK) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 68,710 shares of the utilities provider’s stock after acquiring an additional 125 shares during the quarter. Duke Energy comprises 2.8% of Billeaud Capital Management Inc.’s investment portfolio, making the stock its 7th largest holding. Billeaud Capital Management Inc.’s holdings in Duke Energy were worth $6,587,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in DUK. Atwater Malick LLC purchased a new stake in Duke Energy in the 3rd quarter worth about $26,000. Redhawk Wealth Advisors Inc. purchased a new position in Duke Energy during the 2nd quarter valued at about $34,000. Ellevest Inc. grew its holdings in Duke Energy by 334.8% during the 2nd quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock valued at $35,000 after buying an additional 308 shares in the last quarter. Larson Financial Group LLC grew its holdings in Duke Energy by 65.5% during the 2nd quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock valued at $37,000 after buying an additional 167 shares in the last quarter. Finally, Tarbox Family Office Inc. grew its holdings in Duke Energy by 46.5% during the 2nd quarter. Tarbox Family Office Inc. now owns 457 shares of the utilities provider’s stock valued at $40,000 after buying an additional 145 shares in the last quarter. 60.32% of the stock is owned by institutional investors.
Shares of NYSE DUK opened at $96.17 on Thursday. Duke Energy Corp has a 12 month low of $80.89 and a 12 month high of $97.37. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $69.45 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 3.93 and a beta of 0.09. The business has a 50-day moving average of $95.17 and a 200-day moving average of $90.42.
In related news, EVP Douglas F. Esamann sold 4,430 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $92.44, for a total value of $409,509.20. Following the completion of the sale, the executive vice president now owns 64,722 shares in the company, valued at approximately $5,982,901.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Dwight L. Jacobs sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $91.05, for a total value of $154,785.00. Following the completion of the sale, the senior vice president now owns 4,891 shares of the company’s stock, valued at approximately $445,325.55. The disclosure for this sale can be found here. Insiders sold a total of 26,581 shares of company stock valued at $2,422,653 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.
DUK has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 target price for the company. in a report on Wednesday, June 26th. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. JPMorgan Chase & Co. lifted their target price on Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Citigroup reduced their target price on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Finally, SunTrust Banks set a $96.00 target price on Duke Energy and gave the company a “hold” rating in a report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $94.22.
Duke Energy 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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