OLD National Bancorp IN Sells 2,526 Shares of Duke Energy Corp (NYSE:DUK)

OLD National Bancorp IN lowered its position in Duke Energy Corp (NYSE:DUK) by 15.3% in the 3rd quarter, Holdings Channel reports. The fund owned 13,932 shares of the utilities provider’s stock after selling 2,526 shares during the quarter. OLD National Bancorp IN’s holdings in Duke Energy were worth $1,336,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC increased its position in Duke Energy by 1.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 8,210 shares of the utilities provider’s stock valued at $787,000 after buying an additional 107 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its position in Duke Energy by 2.8% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,016 shares of the utilities provider’s stock valued at $385,000 after buying an additional 111 shares in the last quarter. Coastline Trust Co increased its position in Duke Energy by 2.9% during the 3rd quarter. Coastline Trust Co now owns 4,017 shares of the utilities provider’s stock valued at $385,000 after buying an additional 112 shares in the last quarter. SPC Financial Inc. increased its position in Duke Energy by 2.8% during the 3rd quarter. SPC Financial Inc. now owns 4,384 shares of the utilities provider’s stock valued at $420,000 after buying an additional 118 shares in the last quarter. Finally, Trust Co. of Toledo NA OH increased its position in Duke Energy by 0.6% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 20,026 shares of the utilities provider’s stock valued at $1,767,000 after buying an additional 122 shares in the last quarter. 60.32% of the stock is owned by hedge funds and other institutional investors.

DUK has been the subject of a number of analyst reports. Citigroup reduced their price objective on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 target price on the stock. in a research note on Wednesday, June 26th. Credit Suisse Group increased their target price on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley increased their target price on Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, SunTrust Banks set a $96.00 target price on Duke Energy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Duke Energy presently has an average rating of “Hold” and an average target price of $94.22.

In other news, EVP Lloyd M. Yates sold 20,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $90.81, for a total value of $1,816,200.00. Following the transaction, the executive vice president now directly owns 41,154 shares in the company, valued at approximately $3,737,194.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 4,891 shares in the company, valued at $445,325.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,581 shares of company stock worth $2,422,653. Company insiders own 0.09% of the company’s stock.

Shares of DUK opened at $96.17 on Thursday. The business’s fifty day simple moving average is $95.17 and its two-hundred day simple moving average is $90.42. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. Duke Energy Corp has a 12 month low of $80.89 and a 12 month high of $97.37. The company has a market cap of $69.45 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 3.93 and a beta of 0.09.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $0.98 by $0.14. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period last year, the business posted $0.93 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. As a group, research analysts forecast that Duke Energy Corp will post 4.98 EPS for the current year.

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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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