Allen Capital Group LLC Raises Position in Duke Energy Co. (NYSE:DUK)

Allen Capital Group LLC lifted its position in Duke Energy Co. (NYSE:DUK) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,471 shares of the utilities provider’s stock after acquiring an additional 323 shares during the period. Allen Capital Group LLC’s holdings in Duke Energy were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. CKW Financial Group acquired a new position in shares of Duke Energy in the 3rd quarter valued at $25,000. Chilton Capital Management LLC acquired a new stake in Duke Energy during the 1st quarter worth about $28,000. FSC Wealth Advisors LLC acquired a new stake in Duke Energy during the 3rd quarter worth about $29,000. Fairfield Bush & CO. acquired a new stake in Duke Energy during the 1st quarter worth about $40,000. Finally, Compass Wealth Management LLC purchased a new position in Duke Energy in the 4th quarter valued at about $41,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. BMO Capital Markets decreased their target price on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday. Mizuho raised their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, Barclays raised their target price on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.17.

Duke Energy Stock Down 1.3 %

Duke Energy stock opened at $92.87 on Wednesday. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.39. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. The firm has a 50 day moving average price of $94.02 and a 200 day moving average price of $93.21. The company has a market capitalization of $71.65 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 2.50 and a beta of 0.46.

Duke Energy (NYSE:DUK) last posted 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 net margin of 9.78% and a return on equity of 8.93%. The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the business posted $1.11 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts expect that Duke Energy Co. will post 5.99 earnings per share for the current year.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the transaction, the executive vice president now owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

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.