Doliver Advisors LP Raises Position in Duke Energy Co. (NYSE:DUK)

Doliver Advisors LP raised its holdings in shares of Duke Energy Co. (NYSE:DUK) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,736 shares of the utilities provider’s stock after buying an additional 1,423 shares during the period. Doliver Advisors LP’s holdings in Duke Energy were worth $1,049,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the third quarter worth approximately $29,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy in the third quarter worth about $30,000. Sachetta LLC increased its holdings in Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 96 shares during the period. Reston Wealth Management LLC purchased a new stake in Duke Energy in the 3rd quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC grew its position in shares of Duke Energy by 100.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after buying an additional 167 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DUK shares. Morgan Stanley dropped their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Barclays upped their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. BMO Capital Markets lifted their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Jefferies Financial Group began coverage on Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. Finally, Scotiabank upped their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Stock Down 1.1 %

Shares of DUK traded down $1.14 on Monday, hitting $106.64. 1,591,818 shares of the stock traded hands, compared to its average volume of 2,234,684. The company has a market capitalization of $82.38 billion, a PE ratio of 19.60, a P/E/G ratio of 2.90 and a beta of 0.49. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The business has a 50 day simple moving average of $111.76 and a 200 day simple moving average of $111.55.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.94 earnings per share. As a group, equities analysts forecast that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

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.