PDS Planning Inc Sells 712 Shares of Duke Energy Co. (NYSE:DUK)

PDS Planning Inc trimmed its position in shares of Duke Energy Co. (NYSE:DUK) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,688 shares of the utilities provider’s stock after selling 712 shares during the period. PDS Planning Inc’s holdings in Duke Energy were worth $261,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in Duke Energy by 4.6% in 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 buying an additional 1,002,157 shares during the period. Morgan Stanley boosted its position in Duke Energy by 4.9% in the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock valued at $923,907,000 after buying an additional 492,011 shares during the period. Northern Trust Corp boosted its position in Duke Energy by 1.9% in the 3rd quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock valued at $698,923,000 after buying an additional 144,612 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 buying an additional 124,114 shares during the period. Finally, FMR LLC boosted its position in Duke Energy by 11.0% in the 3rd quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock valued at $635,952,000 after buying an additional 715,069 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the sale, the executive vice president now owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DUK. Mizuho upped their price target on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Barclays increased 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, April 15th. BMO Capital Markets dropped their price objective 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, April 16th. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Finally, KeyCorp raised their target price on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $100.62.

Duke Energy Trading Up 0.1 %

Shares of Duke Energy stock opened at $98.20 on Wednesday. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The firm has a fifty day moving average price of $94.44 and a 200 day moving average price of $93.60. The stock has a market cap of $75.76 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share 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 analysts’ expectations of $7.24 billion. During the same period in the previous year, the firm posted $1.11 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts predict that Duke Energy Co. will post 5.99 earnings per share for the current 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.