Edgemoor Investment Advisors Inc. Acquires 11,036 Shares of Duke Energy Corporation (DUK)

Edgemoor Investment Advisors Inc. grew its holdings in Duke Energy Corporation (NYSE:DUK) by 17.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,742 shares of the utilities provider’s stock after purchasing an additional 11,036 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Duke Energy Corporation were worth $6,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winfield Associates Inc. raised its holdings in shares of Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 165 shares during the last quarter. Jolley Asset Management LLC raised its holdings in shares of Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new stake in shares of Duke Energy Corporation in the second quarter valued at approximately $130,000. Advantage Investment Management LLC raised its holdings in shares of Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 462 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Duke Energy Corporation by 84.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 848 shares during the last quarter. Institutional investors own 56.22% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 price objective on shares of Duke Energy Corporation in a report on Tuesday, August 29th. Morgan Stanley lifted their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $84.00 price objective (up from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $83.31.

COPYRIGHT VIOLATION NOTICE: “Edgemoor Investment Advisors Inc. Acquires 11,036 Shares of Duke Energy Corporation (DUK)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/10/edgemoor-investment-advisors-inc-acquires-11036-shares-of-duke-energy-corporation-duk.html.

Duke Energy Corporation (NYSE DUK) opened at 84.82 on Tuesday. The company’s 50-day moving average is $86.07 and its 200-day moving average is $84.72. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.40. The firm has a market capitalization of $59.37 billion, a P/E ratio of 25.12 and a beta of 0.24.

Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the business earned $1.07 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.

In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares in

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winfield Associates Inc. raised its holdings in shares of Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 165 shares during the last quarter. Jolley Asset Management LLC raised its holdings in shares of Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new stake in shares of Duke Energy Corporation in the second quarter valued at approximately $130,000. Advantage Investment Management LLC raised its holdings in shares of Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 462 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Duke Energy Corporation by 84.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,848 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 848 shares during the last quarter. Institutional investors own 56.22% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 price objective on shares of Duke Energy Corporation in a report on Tuesday, August 29th. Morgan Stanley lifted their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $84.00 price objective (up from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $83.31.

COPYRIGHT VIOLATION NOTICE: “Edgemoor Investment Advisors Inc. Acquires 11,036 Shares of Duke Energy Corporation (DUK)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/10/edgemoor-investment-advisors-inc-acquires-11036-shares-of-duke-energy-corporation-duk.html.

Duke Energy Corporation (NYSE DUK) opened at 84.82 on Tuesday. The company’s 50-day moving average is $86.07 and its 200-day moving average is $84.72. Duke Energy Corporation has a one year low of $72.34 and a one year high of $88.40. The firm has a market capitalization of $59.37 billion, a P/E ratio of 25.12 and a beta of 0.24.

Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the business earned $1.07 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.

In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares in the company, valued at approximately $4,338,245.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.

Duke Energy Corporation Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

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

Receive News & Ratings for Duke Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply