Allred Capital Management LLC Decreases Stake in Duke Energy Corp (NYSE:DUK)

Allred Capital Management LLC lowered its position in shares of Duke Energy Corp (NYSE:DUK) by 0.8% in the third quarter, Holdings Channel reports. The firm owned 13,297 shares of the utilities provider’s stock after selling 112 shares during the period. Allred Capital Management LLC’s holdings in Duke Energy were worth $1,177,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Hotaling Investment Management LLC grew its holdings in shares of Duke Energy by 3.5% during the 2nd quarter. Hotaling Investment Management LLC now owns 3,573 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 120 shares during the period. Pegasus Asset Management Inc. boosted its holdings in Duke Energy by 0.6% in the 2nd quarter. Pegasus Asset Management Inc. now owns 20,397 shares of the utilities provider’s stock worth $1,630,000 after acquiring an additional 120 shares during the period. Woodard & Co. Asset Management Group Inc. ADV boosted its holdings in Duke Energy by 0.6% in the 2nd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 21,905 shares of the utilities provider’s stock worth $1,750,000 after acquiring an additional 127 shares during the period. Larson Financial Group LLC boosted its holdings in Duke Energy by 14.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,076 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 132 shares during the period. Finally, Hummer Financial Advisory Services Inc boosted its holdings in Duke Energy by 2.5% in the 2nd quarter. Hummer Financial Advisory Services Inc now owns 5,395 shares of the utilities provider’s stock worth $431,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 63.79% of the company’s stock.

DUK has been the subject of a number of analyst reports. Bank of America upgraded Duke Energy from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $87.00 to $85.00 in a report on Wednesday, September 9th. Scotiabank lowered Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 target price on the stock. in a research report on Thursday, October 1st. BofA Securities raised Duke Energy from a “neutral” rating to a “buy” rating and cut their target price for the company from $87.00 to $85.00 in a research report on Wednesday, September 9th. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating and upped their target price for the company from $88.00 to $93.00 in a research report on Thursday. Finally, Morgan Stanley dropped their price target 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. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $92.81.

Shares of DUK opened at $92.37 on Friday. The company has a market cap of $67.93 billion, a P/E ratio of 32.87, a PEG ratio of 4.31 and a beta of 0.23. The stock has a fifty day moving average price of $85.06 and a 200 day moving average price of $84.04. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.55 and a quick ratio of 0.36. Duke Energy Corp has a 12 month low of $62.13 and a 12 month high of $103.79.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, August 10th. The utilities provider reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.05. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.86 billion. Duke Energy had a return on equity of 8.10% and a net margin of 8.76%. The firm’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 EPS. As a group, research analysts anticipate that Duke Energy Corp will post 5.08 earnings per share for the current year.

Duke Energy Company 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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