Duke Energy Co. (NYSE:DUK) Shares Purchased by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL increased its position in shares of Duke Energy Co. (NYSE:DUKFree Report) by 6.9% in the fourth quarter, HoldingsChannel reports. The firm owned 391,725 shares of the utilities provider’s stock after acquiring an additional 25,196 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Duke Energy were worth $38,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Xcel Wealth Management LLC acquired a new position in Duke Energy in the fourth quarter valued at approximately $215,000. Cornerstone Wealth Group LLC lifted its holdings in Duke Energy by 16.8% in the fourth quarter. Cornerstone Wealth Group LLC now owns 14,720 shares of the utilities provider’s stock valued at $1,428,000 after acquiring an additional 2,117 shares during the period. Benedict Financial Advisors Inc. lifted its holdings in Duke Energy by 0.4% in the fourth quarter. Benedict Financial Advisors Inc. now owns 46,104 shares of the utilities provider’s stock valued at $4,474,000 after acquiring an additional 174 shares during the period. Sutton Place Investors LLC acquired a new position in Duke Energy in the fourth quarter valued at approximately $1,117,000. Finally, Sapient Capital LLC acquired a new position in Duke Energy in the fourth quarter valued at approximately $735,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

DUK traded down $0.39 during trading on Friday, hitting $94.90. 2,267,268 shares of the stock were exchanged, compared to its average volume of 3,035,521. The firm has a market capitalization of $73.21 billion, a P/E ratio of 26.77, a PEG ratio of 2.54 and a beta of 0.46. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39. The stock has a fifty day moving average price of $94.11 and a two-hundred day moving average price of $93.09. 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:DUKGet Free Report) last released 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). The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. As a group, sell-side analysts predict that Duke Energy Co. will post 5.99 earnings per share for the current year.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of the business’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 value of $277,710.00. Following the transaction, the executive vice president now owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DUK shares. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Mizuho boosted their price objective on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Bank of America boosted 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. Wells Fargo & Company cut their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Finally, KeyCorp boosted their price target on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

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About Duke Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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