Duke Energy Co. (NYSE:DUK) Stake Cut by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC lessened its holdings in shares of Duke Energy Co. (NYSE:DUK) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,913 shares of the utilities provider’s stock after selling 567 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Duke Energy were worth $477,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. CKW Financial Group acquired a new stake in shares of Duke Energy in the third quarter worth $25,000. Chilton Capital Management LLC bought a new position in Duke Energy in the 1st quarter worth approximately $28,000. FSC Wealth Advisors LLC acquired a new position in shares of Duke Energy during the third quarter worth approximately $29,000. Fairfield Bush & CO. bought a new stake in Duke Energy in the 1st quarter valued at $40,000. Finally, Compass Wealth Management LLC acquired a new position in Duke Energy in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.4 %

NYSE:DUK opened at $94.90 on Monday. The company has a market cap of $73.21 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 2.52 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. The stock’s fifty day moving average price is $94.09 and its two-hundred day moving average price is $93.14. Duke Energy Co. has a 52-week low of $83.06 and a 52-week 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 the consensus estimate of $1.53 by ($0.02). The firm 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 company’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $1.11 EPS. On average, analysts anticipate that Duke Energy Co. will post 5.99 EPS for the current year.

Insider Activity

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DUK shares. Barclays boosted their price objective on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. KeyCorp lifted their target price on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Mizuho increased their price target on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company decreased their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $101.25.

Duke Energy 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.