Duke Energy Co. (NYSE:DUK) is Carson Advisory Inc.’s 7th Largest Position

Carson Advisory Inc. increased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,798 shares of the utilities provider’s stock after purchasing an additional 6,232 shares during the quarter. Duke Energy makes up 2.4% of Carson Advisory Inc.’s portfolio, making the stock its 7th biggest holding. Carson Advisory Inc.’s holdings in Duke Energy were worth $3,086,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. increased its stake in Duke Energy by 1.4% during the fourth quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock worth $771,000 after acquiring an additional 110 shares during the last quarter. Chemung Canal Trust Co. raised its stake in Duke Energy by 0.8% in the fourth quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock valued at $1,405,000 after buying an additional 113 shares in the last quarter. Verum Partners LLC increased its position in shares of Duke Energy by 3.1% during the fourth quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 115 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Duke Energy by 0.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 27,481 shares of the utilities provider’s stock worth $2,667,000 after purchasing an additional 115 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Duke Energy by 10.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,266 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank dropped 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. Mizuho lifted their price objective on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Wells Fargo & Company lowered their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Bank of America lifted their price objective on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, KeyCorp boosted their price target on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.62.

Insider Buying and Selling at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the firm’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 transaction of $277,710.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Duke Energy Stock Down 0.5 %

Duke Energy stock traded down $0.47 during trading on Thursday, reaching $99.31. 2,649,605 shares of the company’s stock were exchanged, compared to its average volume of 2,986,974. The company’s 50-day moving average is $95.24 and its two-hundred day moving average is $93.98. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $100.56. The firm has a market cap of $76.61 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.62 and a beta of 0.45.

Duke Energy (NYSE:DUK) last announced 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 return on equity of 8.93% and a net margin of 9.78%. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. During the same period last year, the company posted $1.11 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts predict that Duke Energy Co. will post 5.98 earnings per share for the current year.

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.