RB Capital Management LLC Has $543,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

RB Capital Management LLC cut its stake in shares of Duke Energy Co. (NYSE:DUK) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,591 shares of the utilities provider’s stock after selling 284 shares during the quarter. RB Capital Management LLC’s holdings in Duke Energy were worth $543,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FSC Wealth Advisors LLC purchased a new position in shares of Duke Energy in the 3rd quarter worth about $29,000. Legacy Financial Group LLC bought a new position in Duke Energy during the third quarter valued at approximately $45,000. Fortis Group Advisors LLC purchased a new stake in shares of Duke Energy during the third quarter valued at approximately $50,000. Bruce G. Allen Investments LLC purchased a new position in Duke Energy during the 4th quarter valued at $71,000. Finally, PFS Partners LLC lifted its stake in shares of Duke Energy by 145.0% during the 4th quarter. PFS Partners LLC now owns 735 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 435 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DUK. BMO Capital Markets dropped 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. KeyCorp increased their target price on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Wells Fargo & Company decreased their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Barclays boosted their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Bank of America lifted their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Hold” and an average target price of $100.62.

Duke Energy Price Performance

Shares of Duke Energy stock traded up $1.52 during trading on Wednesday, hitting $99.78. The stock had a trading volume of 4,789,335 shares, compared to its average volume of 2,990,113. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The business has a fifty day moving average of $95.10 and a two-hundred day moving average of $93.94. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.56. The firm has a market cap of $76.98 billion, a P/E ratio of 28.14, a PEG ratio of 2.63 and a beta of 0.46.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. Duke Energy’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, sell-side analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Insider Activity

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 stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

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.