Fulton Breakefield Broenniman LLC Has $653,000 Position in Duke Energy Co. (NYSE:DUK)

Fulton Breakefield Broenniman LLC cut its holdings in Duke Energy Co. (NYSE:DUK) by 12.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,732 shares of the utilities provider’s stock after selling 944 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Duke Energy were worth $653,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 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 worth $2,030,865,000 after purchasing an additional 1,002,157 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Duke Energy by 9,164.0% during the fourth quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock worth $95,031,000 after buying an additional 968,723 shares during the period. Nordea Investment Management AB grew its holdings in shares of Duke Energy by 242.3% during the fourth quarter. Nordea Investment Management AB now owns 1,044,174 shares of the utilities provider’s stock worth $101,348,000 after buying an additional 739,112 shares in the last quarter. FMR LLC raised 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 last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in Duke Energy by 273.2% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 766,313 shares of the utilities provider’s stock valued at $67,635,000 after acquiring an additional 561,000 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

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 that occurred on Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Duke Energy Price Performance

NYSE:DUK opened at $97.71 on Friday. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $100.13. The firm has a market capitalization of $75.38 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 2.60 and a beta of 0.46. The stock’s 50 day moving average price is $94.84 and its two-hundred day moving average price is $93.77. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results 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 business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter last year, the company posted $1.11 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. On average, analysts anticipate that Duke Energy Co. will post 5.98 earnings per share for the current year.

Analyst Ratings Changes

DUK has been the topic of a number of recent research reports. Mizuho lifted their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Wells Fargo & Company dropped their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Finally, KeyCorp raised their price target on 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 issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $100.62.

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.