CWA Asset Management Group LLC Lowers Stock Position in Duke Energy Co. (NYSE:DUK)

CWA Asset Management Group LLC cut its stake in Duke Energy Co. (NYSE:DUK) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,451 shares of the utilities provider’s stock after selling 6,633 shares during the quarter. Duke Energy comprises about 0.8% of CWA Asset Management Group LLC’s holdings, making the stock its 26th biggest holding. CWA Asset Management Group LLC’s holdings in Duke Energy were worth $15,455,000 as of its most recent filing with the Securities and Exchange Commission.

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

Duke Energy Price Performance

Shares of NYSE DUK traded down $1.41 during trading on Monday, hitting $106.37. The company had a trading volume of 683,358 shares, compared to its average volume of 1,931,722. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The stock has a fifty day simple moving average of $111.76 and a two-hundred day simple moving average of $111.55. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The firm has a market capitalization of $82.17 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.94 EPS. On average, research analysts expect that Duke Energy Co. will post 5.95 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Scotiabank raised their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. 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 research report on Tuesday, October 1st. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Finally, KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $122.23.

Duke Energy Company 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.