Duke Energy Co. (NYSE:DUK) Shares Acquired by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 69.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,082 shares of the utilities provider’s stock after purchasing an additional 1,674 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Duke Energy were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Duke Energy by 4.6% in the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after buying an additional 1,002,157 shares during the last quarter. Morgan Stanley increased its stake in shares of Duke Energy by 4.9% in the third quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after buying an additional 492,011 shares during the last quarter. Northern Trust Corp increased its stake in shares of Duke Energy by 1.9% in the third quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock worth $698,923,000 after buying an additional 144,612 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Duke Energy by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,672,930 shares of the utilities provider’s stock valued at $656,321,000 after purchasing an additional 124,114 shares during the last quarter. Finally, FMR LLC increased its stake in Duke Energy by 11.0% during the third quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock valued at $635,952,000 after purchasing an additional 715,069 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

DUK stock traded down $1.32 during trading on Friday, hitting $97.71. The company had a trading volume of 1,994,792 shares, compared to its average volume of 2,375,920. The firm has a market capitalization of $75.38 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 2.63 and a beta of 0.46. The business has a 50 day moving average of $94.84 and a 200 day moving average of $93.74. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.13. 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 issued its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same period in the previous year, the company posted $1.11 earnings per share. Duke Energy’s revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that Duke Energy Co. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Bank of America boosted their target price on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Mizuho boosted their price target 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. Finally, BMO Capital Markets reduced their price target 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. Seven 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.62.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the sale, the executive vice president now owns 14,213 shares in the company, valued at approximately $1,315,697.41. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

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.