EdgeRock Capital LLC Acquires New Stake in Duke Energy Co. (NYSE:DUK)

EdgeRock Capital LLC purchased a new stake in Duke Energy Co. (NYSE:DUK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 411 shares of the utilities provider’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Command Advisory Services Inc. boosted its holdings in shares of Duke Energy by 1.4% in the fourth quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock valued at $771,000 after acquiring an additional 110 shares during the period. Chemung Canal Trust Co. raised its holdings in shares of Duke Energy by 0.8% during the 4th 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 during the period. Verum Partners LLC increased its stake in Duke Energy by 3.1% during the 4th quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock worth $372,000 after buying an additional 115 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Duke Energy by 0.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 27,481 shares of the utilities provider’s stock valued at $2,667,000 after purchasing an additional 115 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted 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 during 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 business’s stock in a transaction 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 owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

Shares of Duke Energy stock traded up $0.13 during midday trading on Wednesday, hitting $102.39. 3,497,929 shares of the company traded hands, compared to its average volume of 3,033,088. The firm’s fifty day moving average price is $95.96 and its 200-day moving average price is $94.37. The stock has a market cap of $78.99 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 2.67 and a beta of 0.45. 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 12 month low of $83.06 and a 12 month high of $102.64.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.39 by $0.05. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on DUK. Mizuho raised their target price on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Barclays lifted their target price on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. Finally, BMO Capital Markets boosted their price objective on shares of Duke Energy from $104.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Hold” and a consensus target price of $101.31.

Duke Energy 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.