Duke Energy Co. (NYSE:DUK) Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 121.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,618 shares of the utilities provider’s stock after purchasing an additional 4,179 shares during the quarter. RWA Wealth Partners LLC’s holdings in Duke Energy were worth $739,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CKW Financial Group bought a new stake in Duke Energy during the 3rd quarter valued at $25,000. FSC Wealth Advisors LLC bought a new stake in Duke Energy during the 3rd quarter valued at $29,000. Legacy Financial Group LLC bought a new stake in Duke Energy during the 3rd quarter valued at $45,000. Fortis Group Advisors LLC bought a new stake in Duke Energy during the 3rd quarter valued at $50,000. Finally, GHP Investment Advisors Inc. raised its stake in Duke Energy by 49.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 188 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

Duke Energy Stock Up 0.8 %

Shares of Duke Energy stock opened at $98.96 on Thursday. The stock’s fifty day moving average is $94.59 and its 200-day moving average is $93.63. The firm has a market capitalization of $76.34 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46. 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 Co. has a 12-month low of $83.06 and a 12-month high of $100.39.

Duke Energy (NYSE:DUK) last announced its 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). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period last year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts anticipate that Duke Energy Co. will post 5.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays lifted their target price on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Scotiabank dropped their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday. KeyCorp boosted their price objective on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Finally, Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Hold” and an average 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.