Bogart Wealth LLC Sells 963 Shares of Duke Energy Co. (NYSE:DUK)

Bogart Wealth LLC decreased its holdings in Duke Energy Co. (NYSE:DUK) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 110,485 shares of the utilities provider’s stock after selling 963 shares during the period. Bogart Wealth LLC’s holdings in Duke Energy were worth $10,721,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in shares of Duke Energy by 34.7% during the 3rd quarter. Lindbrook Capital LLC now owns 2,102 shares of the utilities provider’s stock valued at $186,000 after purchasing an additional 542 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Duke Energy by 3.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,807 shares of the utilities provider’s stock worth $12,075,000 after purchasing an additional 4,373 shares in the last quarter. Brighton Jones LLC raised its position in Duke Energy by 21.1% in the third quarter. Brighton Jones LLC now owns 5,192 shares of the utilities provider’s stock valued at $458,000 after purchasing an additional 903 shares during the last quarter. FORVIS Wealth Advisors LLC grew its holdings in shares of Duke Energy by 12.5% during the third quarter. FORVIS Wealth Advisors LLC now owns 25,715 shares of the utilities provider’s stock worth $2,270,000 after purchasing an additional 2,848 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its stake in shares of Duke Energy by 24.2% in the third quarter. Baystate Wealth Management LLC now owns 1,807 shares of the utilities provider’s stock valued at $160,000 after buying an additional 352 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Up 0.4 %

Shares of DUK stock traded up $0.39 during trading hours on Thursday, reaching $102.77. The company had a trading volume of 367,358 shares, compared to its average volume of 3,005,484. The business has a fifty day simple moving average of $95.96 and a 200-day simple moving average of $94.37. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $102.77. The company has a market cap of $79.28 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 2.67 and a beta of 0.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.05. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on DUK. Scotiabank reduced their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Wells Fargo & Company decreased their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Bank of America upped their price target on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $101.00 to $113.00 in a research report on Wednesday, January 10th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $101.31.

Insider Buying and Selling at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

About Duke Energy

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.