Keel Point LLC Makes New $217,000 Investment in Duke Energy Co. (NYSE:DUK)

Keel Point LLC bought a new stake in shares of Duke Energy Co. (NYSE:DUK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,239 shares of the utilities provider’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DUK. Moneta Group Investment Advisors LLC lifted its holdings in Duke Energy by 100,433.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider’s stock worth $808,123,000 after purchasing an additional 7,838,811 shares in the last quarter. Imprint Wealth LLC lifted its holdings in shares of Duke Energy by 8,722.3% in 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 in the last quarter. Morgan Stanley grew its stake in Duke Energy by 11.5% during the fourth quarter. Morgan Stanley now owns 10,018,171 shares of the utilities provider’s stock valued at $1,031,772,000 after acquiring an additional 1,037,012 shares in the last quarter. Wellington Management Group LLP lifted its stake in Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after purchasing an additional 1,002,157 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Duke Energy by 9,164.0% during the 4th quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock valued at $95,031,000 after purchasing an additional 968,723 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on DUK shares. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Barclays raised their target price on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday. Bank of America increased their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Wells Fargo & Company decreased their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Finally, BMO Capital Markets dropped their price target on Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.17.

Duke Energy Stock Down 1.3 %

Shares of NYSE:DUK opened at $92.86 on Wednesday. The firm has a market capitalization of $71.64 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 2.50 and a beta of 0.46. The business has a 50 day simple moving average of $94.02 and a two-hundred day simple moving average of $93.21. 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.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data 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). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter in the previous year, the firm earned $1.11 EPS. Duke Energy’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Co. will post 5.99 EPS for the current year.

Insider Buying and Selling

In other Duke Energy 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 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 filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by insiders.

Duke Energy Company 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.