Roble Belko & Company Inc Reduces Stock Holdings in Duke Energy Co. (NYSE:DUK)

Roble Belko & Company Inc lowered its stake in Duke Energy Co. (NYSE:DUK) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,182 shares of the utilities provider’s stock after selling 2,182 shares during the quarter. Roble Belko & Company Inc’s holdings in Duke Energy were worth $212,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DUK. CKW Financial Group purchased a new position in Duke Energy in the third quarter valued at approximately $25,000. FSC Wealth Advisors LLC purchased a new position in shares of Duke Energy during the third quarter worth approximately $29,000. Legacy Financial Group LLC purchased a new position in shares of Duke Energy during the third quarter worth approximately $45,000. Fortis Group Advisors LLC acquired a new stake in shares of Duke Energy during the third quarter worth $50,000. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Duke Energy by 49.1% during the third quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.1 %

DUK stock traded down $0.13 during mid-day trading on Monday, hitting $98.11. The stock had a trading volume of 2,932,991 shares, compared to its average volume of 3,017,579. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39. The company has a fifty day moving average of $94.31 and a 200 day moving average of $93.52. The stock has a market capitalization of $75.69 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.61 and a beta of 0.46.

Duke Energy (NYSE:DUK) last issued 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 business’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 EPS. On average, equities analysts expect that Duke Energy Co. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. Mizuho lifted their price objective on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Wells Fargo & Company lowered their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Scotiabank decreased their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday. Finally, Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $100.62.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the firm’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 completion of the sale, the executive vice president now owns 14,213 shares in the company, valued at approximately $1,315,697.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

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.