Camden National Bank Purchases 2,901 Shares of Duke Energy Corp (NYSE:DUK)

Camden National Bank boosted its position in shares of Duke Energy Corp (NYSE:DUK) by 4.9% in the third quarter, Holdings Channel.com reports. The firm owned 62,009 shares of the utilities provider’s stock after acquiring an additional 2,901 shares during the period. Camden National Bank’s holdings in Duke Energy were worth $5,944,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. increased its holdings in Duke Energy by 36.8% during the 3rd quarter. Financial Management Professionals Inc. now owns 3,724 shares of the utilities provider’s stock worth $357,000 after purchasing an additional 1,002 shares in the last quarter. Gyroscope Capital Management Group LLC increased its holdings in Duke Energy by 19.1% during the 3rd quarter. Gyroscope Capital Management Group LLC now owns 5,124 shares of the utilities provider’s stock worth $487,000 after purchasing an additional 820 shares in the last quarter. Rockland Trust Co. increased its holdings in Duke Energy by 5.6% during the 3rd quarter. Rockland Trust Co. now owns 5,714 shares of the utilities provider’s stock worth $544,000 after purchasing an additional 302 shares in the last quarter. Cypress Capital Group increased its holdings in Duke Energy by 2.2% during the 3rd quarter. Cypress Capital Group now owns 34,092 shares of the utilities provider’s stock worth $3,268,000 after purchasing an additional 719 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Duke Energy by 16.8% during the 3rd quarter. Pacer Advisors Inc. now owns 80,752 shares of the utilities provider’s stock worth $7,741,000 after purchasing an additional 11,623 shares in the last quarter. Hedge funds and other institutional investors own 60.27% of the company’s stock.

In other news, SVP Dwight L. Jacobs sold 1,700 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $91.05, for a total transaction of $154,785.00. Following the completion of the transaction, the senior vice president now directly owns 4,891 shares in the company, valued at approximately $445,325.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Douglas F. Esamann sold 4,430 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $92.44, for a total transaction of $409,509.20. Following the transaction, the executive vice president now owns 64,722 shares of the company’s stock, valued at $5,982,901.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,581 shares of company stock valued at $2,422,653. Company insiders own 0.09% of the company’s stock.

A number of equities analysts have issued reports on the company. SunTrust Banks set a $96.00 target price on Duke Energy and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 target price for the company. in a report on Wednesday, June 26th. Citigroup lowered their target price on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Morgan Stanley increased their target price on Duke Energy from $93.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Barclays lowered their target price on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Duke Energy presently has a consensus rating of “Hold” and a consensus target price of $92.78.

Shares of Duke Energy stock traded down $0.32 during trading hours on Friday, reaching $95.97. 2,311,881 shares of the company’s stock were exchanged, compared to its average volume of 2,783,166. The company has a 50 day moving average of $94.24 and a two-hundred day moving average of $90.07. Duke Energy Corp has a fifty-two week low of $79.01 and a fifty-two week high of $97.37. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. The stock has a market cap of $70.01 billion, a P/E ratio of 20.33, a P/E/G ratio of 3.93 and a beta of 0.09.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the business posted $0.93 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, analysts expect that Duke Energy Corp will post 4.98 earnings per share for the current fiscal year.

About Duke Energy

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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