Amalgamated Bank Decreases Stake in Duke Energy Co. (NYSE:DUK)

Amalgamated Bank lessened its stake in shares of Duke Energy Co. (NYSE:DUK) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 186,231 shares of the utilities provider’s stock after selling 8,975 shares during the quarter. Amalgamated Bank’s holdings in Duke Energy were worth $18,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. First Command Advisory Services Inc. boosted its holdings in shares of Duke Energy by 1.4% in the 4th quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock valued at $771,000 after buying an additional 110 shares in the last quarter. Chemung Canal Trust Co. boosted its stake in Duke Energy by 0.8% in the fourth quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock valued at $1,405,000 after acquiring an additional 113 shares in the last quarter. Verum Partners LLC increased its position in shares of Duke Energy by 3.1% during the fourth quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 115 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Duke Energy by 0.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 27,481 shares of the utilities provider’s stock valued at $2,667,000 after purchasing an additional 115 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Duke Energy by 10.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,266 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

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 completion of the sale, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DUK. Wells Fargo & Company lowered their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Barclays upped their price target on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Bank of America lifted their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. BMO Capital Markets cut their target price on Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $100.62.

Duke Energy Stock Performance

Duke Energy stock traded up $0.92 during mid-day trading on Friday, hitting $100.23. The company had a trading volume of 4,338,348 shares, compared to its average volume of 3,004,530. The company has a market capitalization of $77.32 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 2.66 and a beta of 0.45. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $100.56. The company’s fifty day moving average is $95.38 and its 200-day moving average is $94.02. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50.

Duke Energy (NYSE:DUK) 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 net margin of 9.78% and a return on equity of 8.93%. 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 posted $1.11 EPS. Equities research analysts predict that Duke Energy Co. will post 5.98 EPS for the current year.

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.