Foundry Partners LLC reduced its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 21.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 271,989 shares of the utilities provider's stock after selling 73,557 shares during the quarter. Duke Energy makes up about 1.6% of Foundry Partners LLC's holdings, making the stock its 5th biggest holding. Foundry Partners LLC's holdings in Duke Energy were worth $26,394,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CKW Financial Group bought a new stake in Duke Energy during the 3rd quarter valued at $25,000. Chilton Capital Management LLC bought a new stake in Duke Energy during the 1st quarter valued at $28,000. FSC Wealth Advisors LLC bought a new stake in Duke Energy during the 3rd quarter valued at $29,000. Fairfield Bush & CO. bought a new stake in Duke Energy during the 1st quarter valued at $40,000. Finally, Compass Wealth Management LLC bought a new position in Duke Energy in the 4th quarter worth $41,000. 65.31% of the stock is currently owned by institutional investors.
Duke Energy Stock Up 2.4 %
DUK stock traded up $2.31 during trading on Friday, hitting $98.24. 4,212,878 shares of the stock traded hands, compared to its average volume of 2,299,082. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.39. The firm's 50 day moving average is $94.20 and its two-hundred day moving average is $93.43. The stock has a market cap of $75.79 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49.
Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm 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 business's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.99 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have commented on DUK. Wells Fargo & Company decreased their price objective on shares of Duke Energy from $103.00 to $100.00 and set an "overweight" rating for the company in a report on Friday, February 9th. BMO Capital Markets decreased their price objective on shares of Duke Energy from $101.00 to $99.00 and set an "outperform" rating for the company in a report on Tuesday, April 16th. Barclays upped their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the stock an "overweight" rating in a report on Monday, April 15th. Evercore ISI upgraded shares of Duke Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, KeyCorp upped their target price on shares of Duke Energy from $106.00 to $107.00 and gave the stock an "overweight" rating in a research report on Thursday, January 4th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $101.17.
Read Our Latest Stock Report on Duke Energy
Insider Activity at Duke Energy
In related news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.
Duke Energy Company Profile
(
Free Report)
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.
Further Reading
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