Radnor Capital Management LLC Has $363,000 Holdings in Duke Energy Corporation (DUK)
Radnor Capital Management LLC maintained its stake in shares of Duke Energy Corporation (NYSE:DUK) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,346 shares of the utilities provider’s stock at the close of the second quarter. Radnor Capital Management LLC’s holdings in Duke Energy Corporation were worth $363,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in Duke Energy Corporation in the 1st quarter worth about $246,000. Trust Co. of Virginia VA increased its holdings in Duke Energy Corporation by 9.6% in the 1st quarter. Trust Co. of Virginia VA now owns 12,108 shares of the utilities provider’s stock worth $993,000 after acquiring an additional 1,057 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Duke Energy Corporation by 11.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,984,715 shares of the utilities provider’s stock worth $244,776,000 after acquiring an additional 297,467 shares during the last quarter. Teza Capital Management LLC purchased a new stake in Duke Energy Corporation in the 1st quarter worth about $549,000. Finally, Morningstar Investment Services LLC increased its holdings in Duke Energy Corporation by 1.1% in the 1st quarter. Morningstar Investment Services LLC now owns 809,983 shares of the utilities provider’s stock worth $66,427,000 after acquiring an additional 9,044 shares during the last quarter. Institutional investors and hedge funds own 56.21% of the company’s stock.
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DUK has been the subject of several recent research reports. BidaskClub lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) raised Duke Energy Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $82.00 to $85.00 in a report on Monday, June 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $87.00 target price (down previously from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. Zacks Investment Research raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, July 11th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.71.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $86.22, for a total value of $431,100.00. Following the completion of the transaction, the executive vice president now owns 50,316 shares of the company’s stock, valued at approximately $4,338,245.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) opened at 87.93 on Friday. The company has a market cap of $61.55 billion, a P/E ratio of 26.05 and a beta of 0.24. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $88.40. The firm has a 50-day moving average price of $86.07 and a 200-day moving average price of $84.98.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The business had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 EPS. On average, analysts forecast that Duke Energy Corporation will post $4.59 earnings per share for the current fiscal year.
About Duke Energy Corporation
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.
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