Duncker Streett & Co. Inc. Has $419,000 Stake in Duke Energy Co. (NYSE:DUK)

Duncker Streett & Co. Inc. trimmed its holdings in Duke Energy Co. (NYSE:DUK) by 6.6% in the fourth quarter, Holdings Channel reports. The fund owned 4,320 shares of the utilities provider’s stock after selling 304 shares during the period. Duncker Streett & Co. Inc.’s holdings in Duke Energy were worth $419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. Moneta Group Investment Advisors LLC grew its stake in Duke Energy by 100,433.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider’s stock valued at $808,123,000 after acquiring an additional 7,838,811 shares during the period. Imprint Wealth LLC boosted its position in shares of Duke Energy by 8,722.3% during the second quarter. Imprint Wealth LLC now owns 1,127,837 shares of the utilities provider’s stock worth $112,784,000 after buying an additional 1,115,053 shares during the period. Morgan Stanley boosted its position in shares of Duke Energy by 11.5% during the fourth quarter. Morgan Stanley now owns 10,018,171 shares of the utilities provider’s stock worth $1,031,772,000 after buying an additional 1,037,012 shares during the period. Wellington Management Group LLP boosted its position in shares of Duke Energy by 4.6% during the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after buying an additional 1,002,157 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of Duke Energy by 9,164.0% during the fourth quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock worth $95,031,000 after buying an additional 968,723 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

NYSE:DUK traded down $1.26 during trading hours on Wednesday, reaching $92.87. 2,655,575 shares of the company were exchanged, compared to its average volume of 2,341,925. The company has a market capitalization of $71.65 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.50 and a beta of 0.46. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The business has a 50 day moving average of $94.02 and a 200 day moving average of $93.21.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share 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 analyst estimates 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 for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 EPS. Research analysts forecast that Duke Energy Co. will post 5.99 EPS for the current year.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DUK shares. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. BMO Capital Markets reduced their price objective on Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday. Mizuho upped 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. Bank of America upped their price objective on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Barclays increased their target price on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $101.17.

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.