Altrius Capital Management Inc Takes $208,000 Position in Duke Energy Co. (NYSE:DUK)

Altrius Capital Management Inc bought a new position in Duke Energy Co. (NYSE:DUK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,138 shares of the utilities provider’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FSC Wealth Advisors LLC purchased a new stake in Duke Energy in the 3rd quarter worth approximately $29,000. Legacy Financial Group LLC purchased a new stake in Duke Energy in the 3rd quarter worth approximately $45,000. Fortis Group Advisors LLC purchased a new stake in Duke Energy in the 3rd quarter worth approximately $50,000. Bruce G. Allen Investments LLC purchased a new stake in Duke Energy in the 4th quarter worth approximately $71,000. Finally, PFS Partners LLC increased its holdings in Duke Energy by 145.0% in the 4th quarter. PFS Partners LLC now owns 735 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 435 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction 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 owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Trading Up 1.0 %

DUK traded up $1.02 during trading on Monday, reaching $98.73. The company had a trading volume of 2,043,502 shares, compared to its average volume of 2,972,365. The stock has a market cap of $76.17 billion, a P/E ratio of 27.81, a PEG ratio of 2.60 and a beta of 0.46. The business has a 50 day simple moving average of $94.84 and a 200-day simple moving average of $93.80. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $100.13. 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 issued its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, equities analysts anticipate that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Analyst Ratings Changes

DUK has been the subject of several analyst reports. Scotiabank reduced their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Mizuho increased their price objective 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 increased their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. BMO Capital Markets cut their price objective on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the company 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.