Duke Energy Co. (NYSE:DUK) Shares Acquired by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,438 shares of the utilities provider’s stock after purchasing an additional 161 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Duke Energy were worth $819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CKW Financial Group acquired a new stake in Duke Energy during the third quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new stake in Duke Energy during the first quarter valued at approximately $28,000. FSC Wealth Advisors LLC acquired a new stake in shares of Duke Energy during the third quarter valued at approximately $29,000. Fairfield Bush & CO. acquired a new stake in shares of Duke Energy during the first quarter valued at approximately $40,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter valued at approximately $41,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the sale, the executive vice president now directly owns 14,213 shares in the company, valued at approximately $1,315,697.41. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

DUK has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. KeyCorp boosted their price target on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Bank of America boosted their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. BMO Capital Markets dropped their price objective on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.17.

Duke Energy Stock Performance

NYSE DUK opened at $92.86 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The firm has a market capitalization of $71.64 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 2.52 and a beta of 0.46. The company’s fifty day moving average is $94.02 and its two-hundred day moving average is $93.21. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $100.39.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. Equities research analysts forecast that Duke Energy Co. will post 5.99 EPS for the current year.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.