Duke Energy Co. (NYSE:DUK) Shares Purchased by Marco Investment Management LLC

Marco Investment Management LLC grew its stake in Duke Energy Co. (NYSE:DUK) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,732 shares of the utilities provider’s stock after acquiring an additional 320 shares during the quarter. Marco Investment Management LLC’s holdings in Duke Energy were worth $5,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DUK. Exchange Traded Concepts LLC increased its stake in shares of Duke Energy by 7.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,761 shares of the utilities provider’s stock worth $597,000 after acquiring an additional 497 shares during the last quarter. CX Institutional grew its holdings in shares of Duke Energy by 6.9% during the 3rd quarter. CX Institutional now owns 4,239 shares of the utilities provider’s stock worth $374,000 after purchasing an additional 274 shares during the period. Ballentine Partners LLC grew its holdings in shares of Duke Energy by 10.4% during the 3rd quarter. Ballentine Partners LLC now owns 4,377 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 413 shares during the period. TFG Advisers LLC grew its holdings in shares of Duke Energy by 17.6% during the 3rd quarter. TFG Advisers LLC now owns 3,218 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 481 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Duke Energy by 28.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 24,892 shares of the utilities provider’s stock worth $2,197,000 after purchasing an additional 5,479 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DUK has been the subject of a number of research analyst reports. Scotiabank lowered their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Barclays raised their target price on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Wells Fargo & Company lowered their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. KeyCorp raised their target price on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Finally, BMO Capital Markets lowered their target price on Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Duke Energy currently has an average rating of “Hold” and an average target price of $100.62.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Duke Energy Stock Down 1.3 %

Shares of NYSE DUK traded down $1.32 during midday trading on Friday, hitting $97.71. 1,994,792 shares of the company’s stock were exchanged, compared to its average volume of 2,375,920. 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 Co. has a twelve month low of $83.06 and a twelve month high of $100.13. The company has a market cap of $75.38 billion, a PE ratio of 27.52, a P/E/G ratio of 2.60 and a beta of 0.46. The firm’s fifty day simple moving average is $94.84 and its 200-day simple moving average is $93.80.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period last year, the business posted $1.11 EPS. Duke Energy’s revenue was down 1.9% on a year-over-year basis. Research analysts predict that Duke Energy Co. will post 5.98 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.