Lindbrook Capital LLC Grows Holdings in Duke Energy Co. (NYSE:DUK)

Lindbrook Capital LLC lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,375 shares of the utilities provider’s stock after buying an additional 273 shares during the quarter. Lindbrook Capital LLC’s holdings in Duke Energy were worth $230,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CKW Financial Group purchased a new position in shares of Duke Energy during the 3rd quarter worth $25,000. FSC Wealth Advisors LLC purchased a new stake in Duke Energy in the 3rd quarter valued at about $29,000. Legacy Financial Group LLC acquired a new position in shares of Duke Energy during the 3rd quarter valued at about $45,000. Fortis Group Advisors LLC purchased a new position in shares of Duke Energy during the 3rd quarter worth about $50,000. Finally, GHP Investment Advisors Inc. grew its holdings in Duke Energy by 49.1% in the third quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling

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

Duke Energy Stock Performance

NYSE:DUK opened at $98.11 on Tuesday. The firm has a 50-day moving average of $94.31 and a two-hundred day moving average of $93.52. 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 $75.69 billion, a P/E ratio of 27.64, a PEG ratio of 2.61 and a beta of 0.46. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DUK. BMO Capital Markets decreased their price target on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Scotiabank dropped their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Wells Fargo & Company dropped their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Finally, Bank of America lifted their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $100.62.

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.