Encompass Wealth Advisors LLC acquired a new position in Duke Energy Co. (NYSE:DUK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 759 shares of the utilities provider’s stock, valued at approximately $69,000.
Other institutional investors have also made changes to their positions in the company. Defined Wealth Management LLC acquired a new position in Duke Energy in the 4th quarter worth about $26,000. Childress Capital Advisors LLC acquired a new position in Duke Energy in the 4th quarter worth about $150,000. tru Independence LLC increased its holdings in shares of Duke Energy by 138.8% during the 4th quarter. tru Independence LLC now owns 4,674 shares of the utilities provider’s stock valued at $428,000 after acquiring an additional 2,717 shares during the last quarter. Alliance Wealth Advisors LLC bought a new stake in Duke Energy during the 4th quarter valued at approximately $363,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Duke Energy during the 4th quarter valued at approximately $6,183,000. 63.48% of the stock is owned by hedge funds and other institutional investors.
DUK stock opened at $97.82 on Thursday. The business has a fifty day moving average price of $91.47 and a 200 day moving average price of $91.49. The stock has a market capitalization of $75.24 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 4.88 and a beta of 0.23. Duke Energy Co. has a fifty-two week low of $77.58 and a fifty-two week high of $98.88. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.52 and a quick ratio of 0.33.
Duke Energy (NYSE:DUK) last released its earnings results on Wednesday, February 10th. The utilities provider reported $1.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.03. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $6.22 billion. Duke Energy had a return on equity of 8.28% and a net margin of 8.68%. On average, equities analysts expect that Duke Energy Co. will post 5.09 earnings per share for the current fiscal year.
In other news, SVP Dwight L. Jacobs sold 1,802 shares of Duke Energy stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $89.35, for a total value of $161,008.70. Following the completion of the sale, the senior vice president now directly owns 5,794 shares of the company’s stock, valued at approximately $517,693.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by company insiders.
Several analysts recently weighed in on the company. The Goldman Sachs Group downgraded Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 target price for the company. in a research note on Thursday, January 14th. Mizuho increased their target price on Duke Energy from $93.00 to $96.00 in a research note on Monday, February 1st. Bank of America downgraded Duke Energy from a “buy” rating to a “neutral” rating and set a $94.00 price objective for the company. in a research report on Friday, February 12th. Barclays raised their price objective on Duke Energy from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 28th. Finally, Morgan Stanley raised their price objective on Duke Energy from $99.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 25th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $98.20.
Duke Energy Company Profile
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 sources, and nuclear fuel to generate electricity.
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