Twin Capital Management Inc. Sells 523 Shares of Duke Energy Co. (NYSE:DUK)

Twin Capital Management Inc. lessened its holdings in Duke Energy Co. (NYSE:DUK) by 2.0% during the 4th quarter, Holdings Channel reports. The firm owned 26,032 shares of the utilities provider’s stock after selling 523 shares during the period. Twin Capital Management Inc.’s holdings in Duke Energy were worth $2,526,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Shepherd Financial Partners LLC boosted its position in shares of Duke Energy by 0.5% in the first quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock valued at $2,326,000 after acquiring an additional 94 shares during the period. First Manhattan Co. boosted its position in shares of Duke Energy by 0.9% in the fourth quarter. First Manhattan Co. now owns 11,917 shares of the utilities provider’s stock valued at $1,227,000 after acquiring an additional 107 shares during the period. Belpointe Asset Management LLC boosted its position in shares of Duke Energy by 0.6% in the first quarter. Belpointe Asset Management LLC now owns 19,405 shares of the utilities provider’s stock valued at $1,872,000 after acquiring an additional 112 shares during the period. Exencial Wealth Advisors LLC boosted its position in shares of Duke Energy by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 10,031 shares of the utilities provider’s stock valued at $1,033,000 after acquiring an additional 113 shares during the period. Finally, Chemung Canal Trust Co. raised its stake in Duke Energy by 0.8% in the fourth quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock valued at $1,405,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the sale, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DUK has been the subject of a number of analyst reports. KeyCorp boosted their price target on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. BMO Capital Markets lowered their target price on Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research note on Tuesday. Wells Fargo & Company lowered their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Finally, Bank of America boosted their target price on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.17.

Duke Energy Trading Up 0.2 %

Shares of Duke Energy stock traded up $0.23 on Thursday, hitting $94.73. The stock had a trading volume of 531,496 shares, compared to its average volume of 2,974,007. The stock has a 50 day moving average of $94.00 and a 200 day moving average of $93.22. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $100.39. The firm has a market capitalization of $73.08 billion, a P/E ratio of 26.62, a PEG ratio of 2.47 and a beta of 0.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the previous year, the company earned $1.11 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. Sell-side analysts expect that Duke Energy Co. will post 5.99 earnings per share for the current fiscal 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.