Private Client Services LLC trimmed its stake in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 14.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,857 shares of the utilities provider’s stock after selling 311 shares during the quarter. Private Client Services LLC’s holdings in Duke Energy were worth $200,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. PBMares Wealth Management LLC grew its position in shares of Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 86 shares during the last quarter. Castleview Partners LLC grew its holdings in Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after buying an additional 90 shares during the last quarter. Kanawha Capital Management LLC increased its position in Duke Energy by 1.4% during the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after buying an additional 92 shares in the last quarter. Baron Wealth Management LLC raised its holdings in shares of Duke Energy by 3.5% in the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after acquiring an additional 92 shares during the last quarter. Finally, Chicago Capital LLC lifted its position in shares of Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on DUK shares. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Morgan Stanley reduced their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group began coverage on Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. Finally, Scotiabank increased their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $122.23.
Duke Energy Trading Up 1.4 %
Shares of DUK stock opened at $108.30 on Thursday. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The firm’s 50 day moving average price is $111.28 and its two-hundred day moving average price is $111.62. The stock has a market cap of $83.66 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55.
Duke Energy (NYSE:DUK – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same period last year, the company posted $1.94 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts anticipate that Duke Energy Co. will post 5.95 EPS for the current year.
About Duke Energy
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.
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