Cornerstone Capital Inc. Has $10.93 Million Stake in Duke Energy Co. (NYSE:DUK)

Cornerstone Capital Inc. trimmed its position in shares of Duke Energy Co. (NYSE:DUK) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,655 shares of the utilities provider’s stock after selling 16,084 shares during the quarter. Cornerstone Capital Inc.’s holdings in Duke Energy were worth $10,932,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DUK. CKW Financial Group acquired a new position in shares of Duke Energy during the third quarter worth approximately $25,000. FSC Wealth Advisors LLC bought a new stake in Duke Energy during the third quarter worth $29,000. Legacy Financial Group LLC bought a new stake in Duke Energy during the third quarter worth $45,000. Fortis Group Advisors LLC bought a new stake in Duke Energy during the third quarter worth $50,000. Finally, GHP Investment Advisors Inc. grew its holdings in Duke Energy by 49.1% during the third quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock worth $51,000 after buying an additional 188 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

NYSE:DUK opened at $97.71 on Friday. The business’s 50-day moving average price is $94.84 and its two-hundred day moving average price is $93.77. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $100.13. The stock has a market cap of $75.38 billion, a P/E ratio of 27.52, a PEG ratio of 2.60 and a beta of 0.46. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. As a group, equities analysts predict that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Insider Activity

In related news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at approximately $1,315,697.41. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DUK. Mizuho upped their price objective on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. KeyCorp increased their price target on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Barclays increased their price target on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Scotiabank dropped their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $100.62.

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.