1900 Wealth Management LLC Sells 513 Shares of Duke Energy Co. (NYSE:DUK)

1900 Wealth Management LLC trimmed its holdings in shares of Duke Energy Co. (NYSE:DUK) by 19.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,086 shares of the utilities provider’s stock after selling 513 shares during the period. 1900 Wealth Management LLC’s holdings in Duke Energy were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in Duke Energy by 4.6% during the 3rd 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 in the last quarter. Morgan Stanley increased its holdings in Duke Energy by 4.9% during the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock valued at $923,907,000 after purchasing an additional 492,011 shares in the last quarter. Northern Trust Corp increased its holdings in Duke Energy by 1.9% during the 3rd quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock valued at $698,923,000 after purchasing an additional 144,612 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Duke Energy by 1.6% during 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 purchasing an additional 124,114 shares in the last quarter. Finally, FMR LLC increased its holdings in Duke Energy by 11.0% during the 3rd quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock valued at $635,952,000 after purchasing an additional 715,069 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

DUK opened at $98.20 on Wednesday. The business’s 50-day moving average price is $94.44 and its two-hundred day moving average price is $93.60. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.39. The company has a market capitalization of $75.76 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 2.61 and a beta of 0.46. 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 (NYSE:DUK) last released its 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). The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 EPS. Equities analysts expect that Duke Energy Co. will post 5.99 EPS for the current fiscal year.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction that occurred 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 directly owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DUK. 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 research note on Tuesday, April 16th. 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 research note on Friday, February 9th. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. KeyCorp raised their price target on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Finally, Mizuho raised their price target on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.