Marino Stram & Associates LLC Acquires 167 Shares of Duke Energy Co. (NYSE:DUK)

Marino Stram & Associates LLC boosted its holdings in Duke Energy Co. (NYSE:DUK) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,028 shares of the utilities provider’s stock after purchasing an additional 167 shares during the quarter. Marino Stram & Associates LLC’s holdings in Duke Energy were worth $1,652,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC grew its stake in Duke Energy by 13.9% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after acquiring an additional 344 shares in the last quarter. Catalyst Financial Partners LLC grew its position in shares of Duke Energy by 28.6% during the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 894 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in Duke Energy by 4.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after acquiring an additional 1,122 shares during the last quarter. Wagner Wealth Management LLC raised its holdings in shares of Duke Energy by 3.4% during the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock worth $1,691,000 after acquiring an additional 576 shares in the last quarter. Finally, Adviser Investments LLC bought a new position in shares of Duke Energy during the 3rd quarter valued at approximately $304,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of recent research reports. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Bank of America upped their target price on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Mizuho lifted their price target on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Finally, BMO Capital Markets dropped their target price on Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a report on Tuesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.17.

Insiders Place Their Bets

In related news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Duke Energy Stock Down 0.7 %

Shares of DUK traded down $0.62 during mid-day trading on Tuesday, hitting $93.51. 954,810 shares of the company traded hands, compared to its average volume of 3,001,027. The company has a market capitalization of $72.14 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 2.52 and a beta of 0.46. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. The business has a 50 day moving average of $94.06 and a 200 day moving average of $93.18. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same quarter in the previous year, the company posted $1.11 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Duke Energy Co. will post 5.99 EPS for the current year.

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.