Legacy Financial Advisors Inc. increased its stake in Duke Energy Co. (NYSE:DUK – Get Rating) by 29.5% in the fourth quarter, according to the company’s latest 13F filings with the U.S. Securities and Exchange Commission. The company owned 5,799 shares of the utility company after purchasing an additional 1,321 of his shares during the quarter. Legacy Financial Advisors, Inc.’s holdings in Duke Energy were valued at $597,000 at the end of the most recent reporting period.
Many other hedge funds and other institutional investors have also recently changed their holdings in the business. Pacer Advisors Inc. increased his Duke Energy stock position by 1,729.5% in the fourth quarter. Pacer Advisors Inc. now owns 131,814 shares of the utility company worth $13,576,000 after purchasing an additional 124,609 shares of him during the period. Synovus Financial Corp expanded its Duke Energy stock position by 1.7% in the fourth quarter. Synovus Financial Corp owns 236,457 shares of utility company stock valued at $24,352,000 after purchasing an additional 3,974 shares during this period. Gyroscope Capital Management Group LLC increased its position in Duke Energy stock by 2.2% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 4,908 shares of the utility company valued at $505,000 after purchasing an additional 105 shares during the period. Banque Pictet & Cie SA expanded its position in Duke Energy shares by 19.7% in the fourth quarter. Banque Pictet & Cie SA owns 53,824 shares of the utility company valued at $5,543,000 after purchasing an additional 8,866 shares during this period. Finally, Parsec Financial Management Inc. expanded its Duke Energy stock position by 1.5% in the fourth quarter. Parsec Financial Management Inc. owns 20,428 shares of utility company stock valued at $2,104,000 after purchasing an additional 300 shares during the period. 63.22% of the shares are owned by hedge funds and other institutional investors.
In related news, SVP Louis E. Renjel sold 1,900 shares of the company in a transaction on Monday, February 13th. The shares were sold at an average price of $99.90 for a total of $189,810.00. Following the closing of the sale, the Senior Vice President now directly owns 9,967 shares of the company, valued at $995,703.30. The sale was disclosed in SEC filings accessible at this link. His 0.11% of shares are owned by corporate insiders.
Wall Street analyst opinion
A number of equity analysts have recently published reports on DUK stock. Wells Fargo & Company lowered its price target on Duke Energy stock from $111.00 to $103.00 and set an “equal weight” rating in its research notes on Friday, February 10. Seaport Res Ptn upgraded Duke Energy’s stock from a ‘sell’ rating to a ‘neutral’ rating in a research note on Friday, March 17. Morgan Stanley raised its price target on Duke Energy’s stock from $99.00 to $108.00, giving the company an “equal-weighted” rating in its research notes on Thursday, April 20. BMO Capital Markets raised its price target on Duke Energy shares to $110.00 from $107.00, giving it an “outperform” rating in its research notes on Wednesday, Jan. 4. Finally, Royal Bank of Canada , in its research notes on Thursday, February 16, lowered its price target on Duke Energy stock from $116.00 to $112.00 and set a “sector perform” rating. Eight investment analysts rated the stock with a hold rating and two issued buy ratings for the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $105.60.
Duke Energy price performance
DUK rose $1.35 in Tuesday’s trading to reach $100.25. 972,869 shares of the company were traded with an average turnover of 2,962,100 shares. The company has an equity ratio of 1.34, a quick ratio of 0.51 and a current ratio of 0.70. Duke Energy Co. has a 12-month low of $83.76 and a 12-month high of $115.83. The company has a 50-day simple moving average of $96.60 and a 200-day simple moving average of $97.73. The company has a market capitalization of $77.26 billion, a P/E ratio of 30.03, a PEG ratio of 2.84 and a beta of 0.43.
Duke Energy (NYSE:DUK – Get Rating) reported final results on Thursday, Feb. 9. The utility company reported EPS of $1.11 for the quarter, beating analysts’ consensus forecast of $1.06 by $0.05. The company made $7.35 billion in revenue during the quarter, compared to a consensus estimate of $5.27 billion. Duke Energy had a return on equity of 8.45% and a net profit margin of 9.11%. The company’s quarterly revenue increased by 17.8% compared to the same quarter last year. His EPS earnings for the company in the same period last year were $0.94. On average, equity analysts expect Duke Energy to post an EPS of 5.61 shares this year.
Duke Energy Company Profile
Duke Energy Corp. is engaged in the sale of natural gas and energy related services. It operates through the following segments: Electric Utilities & Infrastructure, Gas Utilities & Infrastructure, and Commercial Renewable Energy. The Electric Utilities and Infrastructure Operations segment operates in regulated electric utilities in the states of Carolina, Florida and the Midwest.
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