Avior Wealth Management LLC Decreases Holdings in Duke Energy Co. (NYSE:DUK)

Avior Wealth Management LLC lowered its position in Duke Energy Co. (NYSE:DUK) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,545 shares of the utilities provider’s stock after selling 669 shares during the period. Avior Wealth Management LLC’s holdings in Duke Energy were worth $538,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DUK. CKW Financial Group bought a new stake in shares of Duke Energy during the 3rd quarter valued at $25,000. Chilton Capital Management LLC purchased a new position in shares of Duke Energy in the first quarter valued at about $28,000. FSC Wealth Advisors LLC purchased a new position in Duke Energy in the 3rd quarter worth approximately $29,000. Fairfield Bush & CO. bought a new position in shares of Duke Energy during the first quarter worth $40,000. Finally, Compass Wealth Management LLC bought a new position in shares of Duke Energy during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Duke Energy Stock Up 1.5 %

Shares of Duke Energy stock opened at $95.93 on Friday. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.39. 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 stock has a market cap of $74.01 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.51 and a beta of 0.46. The firm’s 50-day moving average is $94.07 and its two-hundred day moving average is $93.24.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data 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 business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share. As a group, research analysts expect that Duke Energy Co. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

DUK has been the topic of several analyst reports. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Mizuho boosted their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. BMO Capital Markets decreased their target price on Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Bank of America raised their price target on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.17.

Duke Energy Profile

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.