Duke Energy Co. (NYSE:DUK) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC decreased its holdings in Duke Energy Co. (NYSE:DUK) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,545 shares of the utilities provider’s stock after selling 669 shares during the period. Avior Wealth Management LLC’s holdings in Duke Energy were worth $538,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sugarloaf Wealth Management LLC boosted its stake in Duke Energy by 13.9% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after buying an additional 344 shares during the last quarter. Catalyst Financial Partners LLC increased its position in Duke Energy by 28.6% during the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 894 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Duke Energy by 4.5% during the fourth 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 during the period. Wagner Wealth Management LLC boosted its holdings in Duke Energy by 3.4% in the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after purchasing an additional 576 shares during the last quarter. Finally, Adviser Investments LLC purchased a new stake in shares of Duke Energy in the 3rd quarter valued at approximately $304,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Up 1.5 %

Shares of DUK opened at $95.93 on Friday. The company’s 50-day simple moving average is $94.07 and its 200-day simple moving average is $93.24. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.39. The stock has a market capitalization of $74.01 billion, a PE ratio of 27.02, a P/E/G ratio of 2.51 and a beta of 0.46.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. Duke Energy’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. Analysts forecast that Duke Energy Co. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the 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 sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $101.00 to $113.00 in a research report on Wednesday, January 10th. KeyCorp lifted their target price on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. 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 report on Tuesday. Finally, Mizuho increased their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.