Dover Advisors LLC Sells 334 Shares of Duke Energy Co. (NYSE:DUK)

Dover Advisors LLC cut its stake in Duke Energy Co. (NYSE:DUK) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,365 shares of the utilities provider’s stock after selling 334 shares during the period. Dover Advisors LLC’s holdings in Duke Energy were worth $521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DUK. Wellington Management Group LLP increased its holdings in 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 worth $2,030,865,000 after purchasing an additional 1,002,157 shares in the last quarter. International Assets Investment Management LLC increased its holdings in 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 in the last quarter. Nordea Investment Management AB increased its holdings in Duke Energy by 242.3% in the 4th quarter. Nordea Investment Management AB now owns 1,044,174 shares of the utilities provider’s stock worth $101,348,000 after purchasing an additional 739,112 shares in the last quarter. FMR LLC increased its holdings in Duke Energy by 11.0% in the 3rd quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock worth $635,952,000 after purchasing an additional 715,069 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Duke Energy by 273.2% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 766,313 shares of the utilities provider’s stock worth $67,635,000 after purchasing an additional 561,000 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Duke Energy Stock Performance

Shares of DUK traded down $1.32 on Friday, reaching $97.71. 1,994,792 shares of the company’s stock traded hands, compared to its average volume of 2,375,920. 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 stock has a market cap of $75.38 billion, a PE ratio of 27.52, a PEG ratio of 2.60 and a beta of 0.46. The stock’s 50 day simple moving average is $94.84 and its two-hundred day simple moving average is $93.80. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $100.13.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share 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 firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same period last year, the company posted $1.11 earnings per share. Duke Energy’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. KeyCorp upped their price target on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. BMO Capital Markets reduced their price target on Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $101.00 to $113.00 in a research report on Wednesday, January 10th. Finally, Scotiabank reduced their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.