Kayne Anderson Capital Advisors LP Has $183,000 Holdings in Duke Energy Co. (NYSE:DUK)

Kayne Anderson Capital Advisors LP reduced its stake in Duke Energy Co. (NYSE:DUK) by 65.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,882 shares of the utilities provider’s stock after selling 3,493 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Duke Energy were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC grew its holdings in shares of Duke Energy by 13.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 344 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Duke Energy by 28.6% during the 3rd quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 894 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Duke Energy by 4.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after purchasing an additional 1,122 shares during the last quarter. Wagner Wealth Management LLC grew its holdings in shares of Duke Energy by 3.4% during the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after purchasing an additional 576 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in shares of Duke Energy by 31.2% during the 4th quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 309 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Trading Up 0.4 %

Shares of NYSE:DUK traded up $0.39 during trading on Thursday, reaching $102.77. The stock had a trading volume of 367,358 shares, compared to its average volume of 3,005,484. The firm’s fifty day moving average is $95.96 and its 200 day moving average is $94.37. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $102.77. The stock has a market cap of $79.28 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 2.67 and a beta of 0.45.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the previous year, the company earned $1.20 EPS. Duke Energy’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Insider Activity at Duke Energy

In related 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 transaction of $277,710.00. Following the transaction, the executive vice president now owns 14,213 shares in the company, valued at approximately $1,315,697.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DUK. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Barclays boosted their target price on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. BMO Capital Markets boosted their target price on shares of Duke Energy from $104.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday. Bank of America boosted their target price on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $101.31.

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.