Sentry Investment Management LLC Has $392,000 Stock Position in Duke Energy Co. (NYSE:DUK)

Sentry Investment Management LLC lowered its holdings in Duke Energy Co. (NYSE:DUK) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,040 shares of the utilities provider’s stock after selling 434 shares during the period. Sentry Investment Management LLC’s holdings in Duke Energy were worth $392,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Shepherd Financial Partners LLC boosted its holdings in Duke Energy by 0.5% in the 1st quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock valued at $2,326,000 after purchasing an additional 94 shares during the period. First Manhattan Co. lifted its holdings in shares of Duke Energy by 0.9% during the 4th quarter. First Manhattan Co. now owns 11,917 shares of the utilities provider’s stock worth $1,227,000 after acquiring an additional 107 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of Duke Energy by 0.6% during the 1st quarter. Belpointe Asset Management LLC now owns 19,405 shares of the utilities provider’s stock worth $1,872,000 after acquiring an additional 112 shares during the period. Chemung Canal Trust Co. lifted its holdings in shares of Duke Energy by 0.8% during the 4th quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock worth $1,405,000 after acquiring an additional 113 shares during the period. Finally, Exencial Wealth Advisors LLC lifted its holdings in shares of Duke Energy by 1.1% during the 4th quarter. Exencial Wealth Advisors LLC now owns 10,031 shares of the utilities provider’s stock worth $1,033,000 after acquiring an additional 113 shares during the period. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BMO Capital Markets cut their price target on shares of Duke Energy from $101.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Wells Fargo & Company lowered their price objective on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. KeyCorp upped their price objective on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Finally, Bank of America upped their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $101.25.

Duke Energy Trading Down 0.8 %

DUK opened at $94.13 on Tuesday. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $100.39. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average of $94.06 and a 200-day moving average of $93.18. The stock has a market cap of $72.62 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.52 and a beta of 0.46.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 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 return on equity of 8.93% and a net margin of 9.78%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 earnings per share. On average, sell-side analysts predict that Duke Energy Co. will post 5.99 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 dated 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

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.