Tyche Wealth Partners LLC Takes $469,000 Position in Duke Energy Co. (NYSE:DUK)

Tyche Wealth Partners LLC acquired a new position in Duke Energy Co. (NYSE:DUK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,837 shares of the utilities provider’s stock, valued at approximately $469,000.

A number of other institutional investors have also recently added to or reduced their stakes in DUK. Sugarloaf Wealth Management LLC increased its stake in Duke Energy by 13.9% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 344 shares in the last quarter. Catalyst Financial Partners LLC grew its position in shares of Duke Energy by 28.6% in 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 during the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Duke Energy by 4.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after purchasing an additional 1,122 shares in the last quarter. Wagner Wealth Management LLC raised its position 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 purchasing an additional 576 shares during the last quarter. Finally, Adviser Investments LLC purchased a new stake in Duke Energy in the 3rd quarter valued at approximately $304,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 1.3 %

Shares of DUK stock traded down $1.26 during mid-day trading on Wednesday, reaching $92.87. 2,655,575 shares of the company were exchanged, compared to its average volume of 2,341,925. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.39. 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 company has a market capitalization of $71.65 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.50 and a beta of 0.46. The business’s 50 day simple moving average is $94.02 and its 200 day simple moving average is $93.21.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share 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 firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Research analysts predict that Duke Energy Co. will post 5.99 earnings per share for the current year.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction 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 owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

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 stock an “overweight” rating in a report on Thursday, January 4th. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Wells Fargo & Company lowered their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. BMO Capital Markets reduced their price objective on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.17.

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.