Mission Wealth Management LP Purchases 3,486 Shares of Duke Energy Co. (NYSE:DUK)

Mission Wealth Management LP increased its holdings in Duke Energy Co. (NYSE:DUK) by 31.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,745 shares of the utilities provider’s stock after acquiring an additional 3,486 shares during the quarter. Mission Wealth Management LP’s holdings in Duke Energy were worth $1,431,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Command Advisory Services Inc. increased its stake in shares of Duke Energy by 1.4% during the fourth quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock worth $771,000 after purchasing an additional 110 shares in the last quarter. Chemung Canal Trust Co. raised its holdings 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 valued at $1,405,000 after acquiring an additional 113 shares during the last quarter. Verum Partners LLC lifted its position in shares of Duke Energy by 3.1% in the fourth quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock valued at $372,000 after acquiring an additional 115 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Duke Energy by 0.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 27,481 shares of the utilities provider’s stock worth $2,667,000 after acquiring an additional 115 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position 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 in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of DUK stock opened at $99.78 on Thursday. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.56. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The company has a market cap of $76.98 billion, a P/E ratio of 28.11, a PEG ratio of 2.62 and a beta of 0.45. The firm has a fifty day moving average price of $95.24 and a 200 day moving average price of $93.98.

Duke Energy (NYSE:DUK) last released 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 business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $1.11 EPS. Sell-side analysts predict that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on DUK. Barclays raised their price objective on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Bank of America boosted their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. KeyCorp increased their target price on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Wells Fargo & Company reduced their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Finally, Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company 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 company. According to MarketBeat, Duke Energy presently has an average rating of “Hold” and a consensus target price of $100.62.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of the business’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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

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.