Golden State Equity Partners Sells 921 Shares of Duke Energy Co. (NYSE:DUK)

Golden State Equity Partners cut its holdings in shares of Duke Energy Co. (NYSE:DUK) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,950 shares of the utilities provider’s stock after selling 921 shares during the quarter. Golden State Equity Partners’ holdings in Duke Energy were worth $480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sugarloaf Wealth Management LLC grew its position 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 valued at $274,000 after purchasing an additional 344 shares in the last quarter. Catalyst Financial Partners LLC grew its position 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 in the last quarter. Dynamic Advisor Solutions LLC grew 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 valued at $2,545,000 after purchasing an additional 1,122 shares in the last quarter. Wagner Wealth Management LLC grew its position in shares of Duke Energy by 3.4% during the fourth quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after purchasing an additional 576 shares in the last quarter. Finally, ORG Partners LLC grew its position in shares of Duke Energy by 31.2% during the fourth 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 owned by institutional investors.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction dated 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 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 available at this hyperlink. Insiders own 0.10% of the company’s stock.

Duke Energy Price Performance

Shares of DUK opened at $97.71 on Friday. The firm has a market capitalization of $75.38 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.13. The company’s fifty day moving average price is $94.84 and its 200-day moving average price is $93.77.

Duke Energy (NYSE:DUK) last posted 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). 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 analysts’ expectations of $7.24 billion. During the same period in the previous year, the company posted $1.11 earnings per share. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that Duke Energy Co. will post 5.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DUK shares. Scotiabank dropped their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company dropped their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. BMO Capital Markets dropped their price target on Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, Bank of America boosted their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Duke Energy currently has a consensus rating of “Hold” and a consensus target price of $100.62.

About Duke Energy

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.