Field & Main Bank Purchases 285 Shares of Duke Energy Co. (NYSE:DUK)

Field & Main Bank lifted its position in Duke Energy Co. (NYSE:DUK) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,840 shares of the utilities provider’s stock after purchasing an additional 285 shares during the quarter. Field & Main Bank’s holdings in Duke Energy were worth $470,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC raised its position in 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 purchasing an additional 497 shares during the period. Ballentine Partners LLC lifted its stake in shares of Duke Energy by 10.4% in the 3rd quarter. Ballentine Partners LLC now owns 4,377 shares of the utilities provider’s stock valued at $386,000 after acquiring an additional 413 shares during the last quarter. Golden State Equity Partners raised its stake in shares of Duke Energy by 2.8% during the third quarter. Golden State Equity Partners now owns 5,871 shares of the utilities provider’s stock valued at $518,000 after acquiring an additional 160 shares during the last quarter. Bfsg LLC boosted its holdings in shares of Duke Energy by 6.0% during the third quarter. Bfsg LLC now owns 10,861 shares of the utilities provider’s stock worth $959,000 after purchasing an additional 615 shares during the period. Finally, Avestar Capital LLC bought a new stake in shares of Duke Energy in the third quarter worth about $211,000. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DUK. Mizuho lifted their target price on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Wells Fargo & Company decreased their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Finally, KeyCorp boosted their price objective on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy presently has an average rating of “Hold” and a consensus target price of $100.62.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the transaction, the executive vice president now owns 14,213 shares in the company, valued at $1,315,697.41. The sale 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 Stock Up 1.0 %

Shares of DUK traded up $0.98 on Monday, hitting $98.69. 2,125,066 shares of the stock traded hands, compared to its average volume of 2,972,365. The business has a 50 day simple moving average of $94.98 and a 200 day simple moving average of $93.87. 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 one year low of $83.06 and a one year high of $100.13. The company has a market capitalization of $76.14 billion, a PE ratio of 27.80, a P/E/G ratio of 2.60 and a beta of 0.46.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the previous year, the company earned $1.11 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current fiscal 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.