Duke Energy Co. (NYSE:DUK) Shares Sold by Imprint Wealth LLC

Imprint Wealth LLC cut its holdings in shares of Duke Energy Co. (NYSE:DUK) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,060 shares of the utilities provider’s stock after selling 598 shares during the quarter. Imprint Wealth LLC’s holdings in Duke Energy were worth $1,170,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DUK. Sugarloaf Wealth Management LLC raised its holdings in shares of Duke Energy by 13.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after acquiring an additional 344 shares during the period. Catalyst Financial Partners LLC lifted its stake in Duke Energy by 28.6% during the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 894 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Duke Energy by 4.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after buying an additional 1,122 shares in the last quarter. Wagner Wealth Management LLC raised its holdings in shares of Duke Energy by 3.4% in the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after buying an additional 576 shares during the period. Finally, Adviser Investments LLC acquired a new position in Duke Energy in the 3rd quarter valued at about $304,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

DUK stock traded down $0.97 on Tuesday, hitting $93.16. The company’s stock had a trading volume of 662,552 shares, compared to its average volume of 2,995,833. The stock has a market cap of $71.87 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 2.52 and a beta of 0.46. The firm has a 50 day moving average of $94.06 and a two-hundred day moving average of $93.18. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.39.

Duke Energy (NYSE:DUK) last released 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). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. During the same period in the prior year, the business earned $1.11 EPS. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts predict that Duke Energy Co. will post 5.99 EPS for the current fiscal year.

Insider Activity at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 14,213 shares in the company, valued at approximately $1,315,697.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on DUK. Bank of America raised their price objective 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 decreased their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. BMO Capital Markets decreased their price objective on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, KeyCorp increased their target price on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.17.

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.