GeoWealth Management LLC Trims Stake in Duke Energy Co. (NYSE:DUK)

GeoWealth Management LLC reduced its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 87.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,268 shares of the utilities provider's stock after selling 15,444 shares during the period. GeoWealth Management LLC's holdings in Duke Energy were worth $244,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Parkworth Wealth Management Inc. purchased a new stake in shares of Duke Energy in the 4th quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new stake in Duke Energy in the fourth quarter worth about $30,000. Sierra Ocean LLC bought a new stake in Duke Energy during the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. grew its holdings in shares of Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after acquiring an additional 270 shares during the period. Finally, CGC Financial Services LLC raised its position in shares of Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after acquiring an additional 242 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Barclays upped their target price on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Guggenheim lifted their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Morgan Stanley upped their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, UBS Group lifted their target price on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Duke Energy presently has a consensus rating of "Moderate Buy" and an average price target of $123.87.

Duke Energy Stock Performance

DUK traded up $0.70 during midday trading on Monday, hitting $120.55. 312,816 shares of the company traded hands, compared to its average volume of 3,382,770. The company's 50-day moving average is $118.37 and its 200 day moving average is $114.38. Duke Energy Co. has a 52 week low of $97.49 and a 52 week high of $125.27. The firm has a market capitalization of $93.67 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. On average, research analysts expect that Duke Energy Co. will post 6.33 EPS for the current year.

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.