Keel Point LLC Invests $217,000 in Duke Energy Co. (NYSE:DUK)

Keel Point LLC bought a new position in shares of Duke Energy Co. (NYSE:DUK) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,239 shares of the utilities provider’s stock, valued at approximately $217,000.

Several other large investors also recently bought and sold shares of the stock. Fairfield Bush & CO. acquired a new stake in shares of Duke Energy in the 1st quarter valued at $40,000. Cibc World Market Inc. increased its holdings in Duke Energy by 1.2% in the first quarter. Cibc World Market Inc. now owns 47,250 shares of the utilities provider’s stock valued at $5,276,000 after buying an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Duke Energy by 29.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,751 shares of the utilities provider’s stock valued at $1,089,000 after buying an additional 2,223 shares in the last quarter. Covestor Ltd raised its position in shares of Duke Energy by 447.8% during the 1st quarter. Covestor Ltd now owns 1,260 shares of the utilities provider’s stock worth $141,000 after acquiring an additional 1,030 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in Duke Energy by 5.2% during the first quarter. Mather Group LLC. now owns 6,505 shares of the utilities provider’s stock worth $726,000 after purchasing an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on DUK shares. Mizuho raised their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Barclays upped their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. KeyCorp upped their target price on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company cut their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus price target of $101.17.

Duke Energy Stock Down 1.3 %

Shares of Duke Energy stock opened at $92.86 on Wednesday. The company has a market cap of $71.64 billion, a P/E ratio of 26.16, a PEG ratio of 2.50 and a beta of 0.46. The firm has a fifty day moving average of $94.02 and a two-hundred day moving average of $93.21. 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 $100.39.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 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 firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter in the previous year, the business earned $1.11 EPS. Duke Energy’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts forecast that Duke Energy Co. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

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

About Duke Energy

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.