Cravens & Co Advisors LLC Purchases 98 Shares of Duke Energy Co. (NYSE:DUK)

Cravens & Co Advisors LLC lifted its position in Duke Energy Co. (NYSE:DUK) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,624 shares of the utilities provider’s stock after purchasing an additional 98 shares during the quarter. Cravens & Co Advisors LLC’s holdings in Duke Energy were worth $283,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DUK. Morse Asset Management Inc bought a new stake in Duke Energy during the third quarter valued at approximately $173,000. Invst LLC increased its position in shares of Duke Energy by 19.4% during the 3rd quarter. Invst LLC now owns 2,583 shares of the utilities provider’s stock valued at $298,000 after purchasing an additional 419 shares during the last quarter. Virtu Financial LLC bought a new stake in Duke Energy in the 3rd quarter worth approximately $2,012,000. Te Ahumairangi Investment Management Ltd boosted its stake in Duke Energy by 5.7% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 23,349 shares of the utilities provider’s stock worth $2,677,000 after buying an additional 1,250 shares in the last quarter. Finally, Chelsea Counsel Co. raised its stake in shares of Duke Energy by 14.9% during the third quarter. Chelsea Counsel Co. now owns 2,701 shares of the utilities provider’s stock worth $311,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 0.2 %

Duke Energy stock opened at $120.41 on Wednesday. The business’s fifty day moving average is $117.23 and its 200 day moving average is $113.97. Duke Energy Co. has a one year low of $92.75 and a one year high of $125.27. The stock has a market capitalization of $93.56 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. On average, sell-side analysts predict that Duke Energy Co. will post 6.33 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on DUK shares. Guggenheim upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. UBS Group lifted their price objective on Duke Energy from $123.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Jefferies Financial Group upped their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays increased their price target on shares of Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. increased their target price on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $123.87.

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.