Duke Energy Co. (NYSE:DUK) Shares Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC raised its position in shares of Duke Energy Co. (NYSE:DUK) by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,882 shares of the utilities provider’s stock after purchasing an additional 1,278 shares during the quarter. TCG Advisory Services LLC’s holdings in Duke Energy were worth $377,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sugarloaf Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 344 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings 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 valued at $355,000 after buying an additional 894 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings 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 valued at $2,545,000 after buying an additional 1,122 shares in the last quarter. Wagner Wealth Management LLC raised its holdings in Duke Energy by 3.4% during the fourth quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after buying an additional 576 shares in the last quarter. Finally, ORG Partners LLC raised its holdings in Duke Energy by 31.2% during the fourth quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock valued at $126,000 after buying an additional 309 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

Shares of Duke Energy stock remained flat at $100.26 during trading on Monday. 434,979 shares of the stock were exchanged, compared to its average volume of 2,973,636. The company has a market cap of $77.35 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 2.67 and a beta of 0.45. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The firm has a 50-day simple moving average of $95.53 and a 200-day simple moving average of $94.17. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.74.

Duke Energy (NYSE:DUK) last released its quarterly earnings data 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 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%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, equities research analysts anticipate that Duke Energy Co. will post 5.98 EPS for the current year.

Wall Street Analyst Weigh In

DUK has been the topic of a number of recent research reports. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Bank of America raised their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Mizuho lifted their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. Finally, BMO Capital Markets dropped their price target on Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has an average rating of “Hold” and a consensus price target of $100.62.

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.