Lee Danner & Bass Inc. Has $2.03 Million Holdings in Duke Energy Co. (NYSE:DUK)

Lee Danner & Bass Inc. boosted its position in shares of Duke Energy Co. (NYSE:DUK) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,894 shares of the utilities provider’s stock after acquiring an additional 435 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Duke Energy were worth $2,028,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Duke Energy by 4.6% in the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after purchasing an additional 1,002,157 shares during the period. Morgan Stanley increased its position in Duke Energy by 4.9% during the third quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after acquiring an additional 492,011 shares during the period. Northern Trust Corp grew its position in Duke Energy by 1.9% during the third quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock worth $698,923,000 after buying an additional 144,612 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Duke Energy by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,672,930 shares of the utilities provider’s stock valued at $656,321,000 after acquiring an additional 124,114 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Duke Energy by 11.0% during the 3rd quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock worth $635,952,000 after purchasing an additional 715,069 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

Duke Energy stock opened at $98.11 on Tuesday. The company has a market capitalization of $75.69 billion, a PE ratio of 27.64, a P/E/G ratio of 2.61 and a beta of 0.46. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $94.31 and a two-hundred day moving average price of $93.52. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.39.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. Analysts expect that Duke Energy Co. will post 5.99 EPS for the current year.

Insider Activity at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DUK has been the subject of several recent analyst reports. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. BMO Capital Markets reduced their price target on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Mizuho boosted their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Bank of America raised their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Barclays boosted their price target on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Duke Energy currently has an average rating of “Hold” and an average price target of $100.62.

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.