GAMMA Investing LLC purchased a new stake in shares of Duke Energy Co. (NYSE:DUK – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,206 shares of the utilities provider’s stock, valued at approximately $307,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC lifted its stake in shares of Duke Energy by 13.9% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 344 shares in the last quarter. Catalyst Financial Partners LLC raised its stake in shares of Duke Energy by 28.6% during the third 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 period. Dynamic Advisor Solutions LLC lifted its position in shares of Duke Energy by 4.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after purchasing an additional 1,122 shares in the last quarter. Wagner Wealth Management LLC boosted its position in Duke Energy by 3.4% in the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after buying an additional 576 shares during the last quarter. Finally, ORG Partners LLC grew its stake in 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 in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Price Performance
Shares of NYSE:DUK opened at $98.96 on Thursday. The stock’s 50 day moving average price is $94.59 and its 200 day moving average price is $93.63. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The stock has a market cap of $76.34 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.61 and a beta of 0.46. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.39.
Insider Buying and Selling
In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.
Wall Street Analysts Forecast Growth
DUK has been the topic of a number of recent analyst reports. BMO Capital Markets cut their target price on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. KeyCorp lifted their price objective on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Mizuho upped their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Barclays lifted their price target on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Duke Energy currently has an average rating of “Hold” and a consensus price target of $100.62.
View Our Latest Research Report on Duke Energy
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.
See Also
- Five stocks we like better than Duke Energy
- How to Start Investing in Real Estate
- A Mega Market Reset for Meta Platforms Stock
- Find and Profitably Trade Stocks at 52-Week Lows
- Nucor Stock Earnings Riding the Steel Industry Wave
- What is a Special Dividend?
- Simpson Manufacturing: Buy This Future Dividend King While Down
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUK – Free Report).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.