Integrated Wealth Concepts LLC Sells 6,100 Shares of Duke Energy Co. (NYSE:DUK)

Integrated Wealth Concepts LLC reduced its position in Duke Energy Co. (NYSE:DUK - Free Report) by 16.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,153 shares of the utilities provider's stock after selling 6,100 shares during the period. Integrated Wealth Concepts LLC's holdings in Duke Energy were worth $3,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bcwm LLC purchased a new position in shares of Duke Energy in the 4th quarter worth $9,815,000. Bailard Inc. lifted its position in shares of Duke Energy by 10.9% during the fourth quarter. Bailard Inc. now owns 31,921 shares of the utilities provider's stock worth $3,439,000 after purchasing an additional 3,139 shares during the last quarter. KMG Fiduciary Partners LLC raised its holdings in shares of Duke Energy by 5.5% during the fourth quarter. KMG Fiduciary Partners LLC now owns 52,097 shares of the utilities provider's stock worth $5,613,000 after purchasing an additional 2,705 shares during the period. Sequoia Financial Advisors LLC grew its stake in Duke Energy by 25.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider's stock worth $3,852,000 after buying an additional 7,319 shares during the last quarter. Finally, First Business Financial Services Inc. acquired a new position in Duke Energy during the 4th quarter valued at about $384,000. Hedge funds and other institutional investors own 65.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DUK. UBS Group upped their price objective on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets cut their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Morgan Stanley lifted their target price on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Guggenheim raised their target price on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group raised their target price on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $123.87.

Duke Energy Trading Up 0.3 %

DUK stock traded up $0.41 during midday trading on Wednesday, reaching $122.11. The stock had a trading volume of 2,998,474 shares, compared to its average volume of 3,389,101. The firm has a market cap of $94.88 billion, a price-to-earnings ratio of 21.39, a PEG 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 Co. has a twelve month low of $97.49 and a twelve month high of $125.27. The business has a fifty day simple moving average of $118.71 and a two-hundred day simple moving average of $114.48.

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

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.