Stokes Family Office LLC Sells 657 Shares of Duke Energy Co. (NYSE:DUK)

Stokes Family Office LLC reduced its position in Duke Energy Co. (NYSE:DUK) by 19.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,637 shares of the utilities provider’s stock after selling 657 shares during the quarter. Stokes Family Office LLC’s holdings in Duke Energy were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DUK. Segment Wealth Management LLC increased its holdings in Duke Energy by 2.0% in the 3rd quarter. Segment Wealth Management LLC now owns 8,049 shares of the utilities provider’s stock valued at $710,000 after buying an additional 156 shares during the period. Sage Mountain Advisors LLC boosted its stake in shares of Duke Energy by 3.5% in the 3rd quarter. Sage Mountain Advisors LLC now owns 4,291 shares of the utilities provider’s stock valued at $379,000 after purchasing an additional 145 shares in the last quarter. Godsey & Gibb Inc. boosted its stake in shares of Duke Energy by 2.7% in the 3rd quarter. Godsey & Gibb Inc. now owns 192,505 shares of the utilities provider’s stock valued at $16,991,000 after purchasing an additional 5,147 shares in the last quarter. Oak Harvest Investment Services boosted its stake in shares of Duke Energy by 10.6% in the 3rd quarter. Oak Harvest Investment Services now owns 68,775 shares of the utilities provider’s stock valued at $6,070,000 after purchasing an additional 6,616 shares in the last quarter. Finally, Everhart Financial Group Inc. boosted its stake in shares of Duke Energy by 42.5% in the 3rd quarter. Everhart Financial Group Inc. now owns 4,088 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 1,219 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of research analyst reports. Bank of America raised their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Wells Fargo & Company cut their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Evercore ISI upgraded shares of 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. Mizuho lifted their target price 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. Finally, Barclays lifted their target price on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $100.62.

Duke Energy Trading Up 1.0 %

Shares of NYSE DUK traded up $0.95 during midday trading on Friday, reaching $100.26. The stock had a trading volume of 4,338,461 shares, compared to its average volume of 2,636,808. The firm has a market cap of $77.35 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 2.64 and a beta of 0.45. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $100.56. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. The company’s 50 day moving average price is $95.38 and its 200 day moving average price is $94.02.

Duke Energy (NYSE:DUK) last issued its quarterly 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 firm had revenue of $7.21 billion during 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 revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 EPS. As a group, sell-side analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction on Monday, February 12th. The shares were 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 in the company, valued at approximately $1,315,697.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.