Duke Energy Co. (NYSE:DUK) Stock Position Raised by SVB Wealth LLC

SVB Wealth LLC raised its stake in Duke Energy Co. (NYSE:DUK) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,412 shares of the utilities provider’s stock after acquiring an additional 382 shares during the period. SVB Wealth LLC’s holdings in Duke Energy were worth $2,175,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DUK. Moneta Group Investment Advisors LLC increased its stake in shares of 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 purchasing an additional 7,838,811 shares during the period. Imprint Wealth LLC raised 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 purchasing an additional 1,115,053 shares during the period. Morgan Stanley increased its stake in Duke Energy by 11.5% in the 4th quarter. Morgan Stanley now owns 10,018,171 shares of the utilities provider’s stock worth $1,031,772,000 after purchasing an additional 1,037,012 shares in the last quarter. Wellington Management Group LLP lifted its stake in 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 valued at $2,030,865,000 after buying 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% in 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.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. BMO Capital Markets cut their target price on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday. Mizuho boosted their price target on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Bank of America lifted their price objective on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. KeyCorp lifted their price target on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Finally, Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Six 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.17.

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 on Monday, February 12th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

Duke Energy Stock Performance

NYSE:DUK opened at $94.50 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. The firm’s 50-day moving average is $94.00 and its 200-day moving average is $93.22. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $100.39. The company has a market cap of $72.90 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.47 and a beta of 0.46.

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

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.