Duke Energy Co. (NYSE:DUK) Stake Lessened by Resurgent Financial Advisors LLC

Resurgent Financial Advisors LLC trimmed its holdings in shares of Duke Energy Co. (NYSE:DUK) by 20.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,526 shares of the utilities provider’s stock after selling 934 shares during the period. Resurgent Financial Advisors LLC’s holdings in Duke Energy were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB increased its holdings in shares of Duke Energy by 0.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider’s stock valued at $3,378,000 after purchasing an additional 93 shares during the period. Pallas Capital Advisors LLC increased its stake in Duke Energy by 2.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider’s stock valued at $372,000 after buying an additional 95 shares during the period. Intergy Private Wealth LLC lifted its position in Duke Energy by 4.8% in the 4th quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider’s stock worth $228,000 after buying an additional 96 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Duke Energy by 1.3% during the 4th quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider’s stock valued at $779,000 after buying an additional 96 shares during the period. Finally, Missouri Trust & Investment Co grew its holdings in shares of Duke Energy by 10.3% during the 4th quarter. Missouri Trust & Investment Co now owns 1,071 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 100 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on DUK shares. Morgan Stanley lifted their price objective on Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. UBS Group boosted their price target on Duke Energy from $123.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. BMO Capital Markets cut their price objective on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Guggenheim boosted their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.87.

Duke Energy Stock Down 0.2 %

NYSE DUK opened at $120.41 on Wednesday. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $125.27. The stock has a market cap of $93.56 billion, a PE ratio of 21.09, a PEG ratio of 2.79 and a beta of 0.39. The firm has a 50-day simple moving average of $117.23 and a 200 day simple moving average of $113.97. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping the consensus estimate 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, research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current year.

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.