Duke Energy Co. (NYSE:DUK) Shares Sold by Choreo LLC

Choreo LLC decreased its position in shares of Duke Energy Co. (NYSE:DUK) by 4.2% during the 4th quarter, HoldingsChannel reports. The fund owned 20,737 shares of the utilities provider’s stock after selling 914 shares during the quarter. Choreo LLC’s holdings in Duke Energy were worth $2,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DUK. First Command Advisory Services Inc. boosted its holdings in shares of Duke Energy by 1.4% in the fourth quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock valued at $771,000 after acquiring an additional 110 shares during the period. Chemung Canal Trust Co. raised its stake in shares of Duke Energy by 0.8% during the fourth quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock worth $1,405,000 after purchasing an additional 113 shares during the last quarter. Verum Partners LLC raised its stake in shares of Duke Energy by 3.1% during the fourth quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 115 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Duke Energy by 0.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 27,481 shares of the utilities provider’s stock worth $2,667,000 after purchasing an additional 115 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Duke Energy by 10.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,266 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 116 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Stock Up 1.0 %

DUK opened at $98.69 on Tuesday. 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 firm has a market cap of $76.14 billion, a P/E ratio of 27.80, a PEG ratio of 2.60 and a beta of 0.46. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $100.13. The business’s fifty day simple moving average is $94.98 and its 200 day simple moving average is $93.87.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 EPS. As a group, equities research analysts anticipate that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on DUK shares. Wells Fargo & Company cut their price target 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. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. BMO Capital Markets cut their price target on Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, Barclays upped their price target on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Seven equities research 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 has an average rating of “Hold” and an average price target of $100.62.

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.