RNC Capital Management LLC Increases Stock Position in Duke Energy Co. (NYSE:DUK)

RNC Capital Management LLC increased its holdings in Duke Energy Co. (NYSE:DUKGet Rating) by 27.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,539 shares of the utilities provider’s stock after acquiring an additional 773 shares during the quarter. RNC Capital Management LLC’s holdings in Duke Energy were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in DUK. Cohen & Steers Inc. lifted its position in shares of Duke Energy by 94,828.8% during the third quarter. Cohen & Steers Inc. now owns 1,905,221 shares of the utilities provider’s stock valued at $185,931,000 after buying an additional 1,903,214 shares during the last quarter. BlackRock Inc. lifted its holdings in Duke Energy by 2.2% in the 3rd quarter. BlackRock Inc. now owns 53,113,065 shares of the utilities provider’s stock valued at $5,183,304,000 after purchasing an additional 1,152,984 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Duke Energy by 142.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,720,517 shares of the utilities provider’s stock worth $167,905,000 after purchasing an additional 1,011,167 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Duke Energy by 118.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,819,760 shares of the utilities provider’s stock valued at $190,893,000 after acquiring an additional 984,905 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Duke Energy by 17.6% in the 2nd quarter. Morgan Stanley now owns 5,794,284 shares of the utilities provider’s stock valued at $572,012,000 after buying an additional 867,051 shares during the period. Institutional investors and hedge funds own 62.12% of the company’s stock.

In other news, EVP Julia S. Janson sold 3,876 shares of the business’s stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of $107.19, for a total transaction of $415,468.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lynn J. Good sold 20,000 shares of the business’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $98.57, for a total transaction of $1,971,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,852 shares of company stock valued at $3,549,183. 0.10% of the stock is currently owned by company insiders.

Shares of DUK stock traded down $0.16 during midday trading on Tuesday, reaching $114.08. 79,789 shares of the stock were exchanged, compared to its average volume of 2,959,998. Duke Energy Co. has a 1 year low of $95.48 and a 1 year high of $115.96. The company’s 50 day moving average is $106.42 and its two-hundred day moving average is $103.61. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 1.23. The firm has a market cap of $87.83 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.39 and a beta of 0.35.

Duke Energy (NYSE:DUKGet Rating) last released its quarterly earnings data on Thursday, February 10th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.94. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.81 billion. Duke Energy had a return on equity of 8.52% and a net margin of 15.57%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. As a group, equities analysts expect that Duke Energy Co. will post 5.47 EPS for the current fiscal year.

Several research firms recently weighed in on DUK. KeyCorp increased their target price on Duke Energy from $110.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, April 7th. Morgan Stanley lifted their target price on Duke Energy from $107.00 to $113.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 22nd. StockNews.com started coverage on Duke Energy in a research report on Thursday, March 31st. They issued a “hold” rating for the company. BMO Capital Markets cut Duke Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, January 7th. Finally, Bank of America upgraded Duke Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $108.00 to $110.00 in a report on Monday, February 14th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy presently has an average rating of “Hold” and a consensus price target of $110.40.

About Duke Energy (Get Rating)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

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

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