Bigelow Investment Advisors LLC Buys 130 Shares of Duke Energy Co. (NYSE:DUK)

Bigelow Investment Advisors LLC lifted its stake in shares of Duke Energy Co. (NYSE:DUK) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,566 shares of the utilities provider’s stock after acquiring an additional 130 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in Duke Energy were worth $637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of Duke Energy by 100,433.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider’s stock worth $808,123,000 after buying an additional 7,838,811 shares during the period. Imprint Wealth LLC grew its holdings in Duke Energy by 8,722.3% during the 2nd quarter. Imprint Wealth LLC now owns 1,127,837 shares of the utilities provider’s stock worth $112,784,000 after acquiring an additional 1,115,053 shares in the last quarter. Morgan Stanley increased its position in Duke Energy by 11.5% during the 4th quarter. Morgan Stanley now owns 10,018,171 shares of the utilities provider’s stock valued at $1,031,772,000 after purchasing an additional 1,037,012 shares during the period. Wellington Management Group LLP raised its holdings in shares of Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after purchasing an additional 1,002,157 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Duke Energy by 9,164.0% in the 4th quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock worth $95,031,000 after purchasing an additional 968,723 shares during the period. Institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In related 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 transaction of $277,710.00. Following the completion of the sale, the executive vice president now owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Duke Energy Stock Performance

Shares of DUK stock traded up $2.31 during mid-day trading on Friday, reaching $98.24. The stock had a trading volume of 4,060,424 shares, compared to its average volume of 3,016,635. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39. The firm has a market cap of $75.79 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.51 and a beta of 0.46. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The business’s fifty day moving average is $94.07 and its 200-day moving average is $93.24.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 EPS. On average, research analysts forecast that Duke Energy Co. will post 5.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DUK. BMO Capital Markets reduced their price objective on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research note on Tuesday. Mizuho upped their price objective on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. KeyCorp raised their price target on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Finally, Bank of America boosted 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. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.17.

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.