Duke Energy Co. (NYSE:DUK) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 98.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,517 shares of the utilities provider’s stock after selling 1,110,090 shares during the period. International Assets Investment Management LLC’s holdings in Duke Energy were worth $1,673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in Duke Energy during the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy during the third quarter worth $30,000. Sachetta LLC grew its position in Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after buying an additional 96 shares during the last quarter. Reston Wealth Management LLC purchased a new position in Duke Energy during the 3rd quarter worth $38,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Duke Energy by 100.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 1.4 %

Shares of Duke Energy stock opened at $108.30 on Thursday. The business has a 50 day moving average price of $111.28 and a 200 day moving average price of $111.62. The company has a market capitalization of $83.66 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.90 and a beta of 0.49. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the business earned $1.94 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Duke Energy Co. will post 5.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DUK. Barclays increased their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their target price on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Scotiabank boosted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group initiated coverage on shares of Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.23.

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.