Norman Fields Gottscho Capital Management LLC Invests $208,000 in Duke Energy Co. (NYSE:DUK)

Norman Fields Gottscho Capital Management LLC acquired a new position in Duke Energy Co. (NYSE:DUKGet Rating) during the first quarter, Holdings Channel.com reports. The firm acquired 1,863 shares of the utilities provider’s stock, valued at approximately $208,000.

Several other large investors have also added to or reduced their stakes in the company. Winthrop Advisory Group LLC increased its stake in shares of Duke Energy by 18.2% in the first quarter. Winthrop Advisory Group LLC now owns 2,622 shares of the utilities provider’s stock worth $293,000 after acquiring an additional 403 shares during the period. CNB Bank increased its stake in shares of Duke Energy by 2.0% in the first quarter. CNB Bank now owns 11,011 shares of the utilities provider’s stock worth $1,229,000 after acquiring an additional 219 shares during the period. Coastal Investment Advisors Inc. increased its stake in shares of Duke Energy by 6.2% in the first quarter. Coastal Investment Advisors Inc. now owns 9,255 shares of the utilities provider’s stock worth $1,033,000 after acquiring an additional 540 shares during the period. Cantor Fitzgerald Investment Advisor L.P increased its stake in shares of Duke Energy by 99.5% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 224,286 shares of the utilities provider’s stock worth $25,044,000 after acquiring an additional 111,890 shares during the period. Finally, Calton & Associates Inc. increased its stake in shares of Duke Energy by 5.2% in the first quarter. Calton & Associates Inc. now owns 4,426 shares of the utilities provider’s stock worth $494,000 after acquiring an additional 219 shares during the period. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Shares of NYSE DUK traded up $1.91 during trading on Thursday, hitting $102.07. The company had a trading volume of 18,826 shares, compared to its average volume of 2,716,763. The stock has a fifty day simple moving average of $109.71 and a two-hundred day simple moving average of $106.40. Duke Energy Co. has a fifty-two week low of $95.48 and a fifty-two week high of $116.33. The firm has a market capitalization of $78.58 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.99 and a beta of 0.34. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 1.26.

Duke Energy (NYSE:DUKGet Rating) last announced its earnings results on Monday, May 9th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.04). The company had revenue of $7.13 billion during the quarter, compared to analyst estimates of $6.32 billion. Duke Energy had a net margin of 14.47% and a return on equity of 8.52%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 EPS. On average, analysts anticipate that Duke Energy Co. will post 5.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Friday, May 13th were paid a $0.985 dividend. This represents a $3.94 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Thursday, May 12th. Duke Energy’s dividend payout ratio is currently 82.77%.

A number of research firms have recently weighed in on DUK. Credit Suisse Group cut their price objective on shares of Duke Energy from $125.00 to $117.00 in a research note on Tuesday, May 10th. KeyCorp raised their price target on shares of Duke Energy from $119.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Citigroup initiated coverage on shares of Duke Energy in a research report on Tuesday, March 22nd. They set a “buy” rating and a $120.00 price target on the stock. Morgan Stanley dropped their price target on shares of Duke Energy from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. Finally, StockNews.com initiated coverage on shares of Duke Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has an average rating of “Hold” and an average price target of $112.55.

In other news, CFO Steven K. Young sold 415 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $112.55, for a total value of $46,708.25. Following the transaction, the chief financial officer now directly owns 114,487 shares of the company’s stock, valued at $12,885,511.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

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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