Key Financial Inc Has $103,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Key Financial Inc cut its position in Duke Energy Co. (NYSE:DUK) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,058 shares of the utilities provider’s stock after selling 175 shares during the period. Key Financial Inc’s holdings in Duke Energy were worth $103,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in Duke Energy in the first quarter valued at $40,000. Cibc World Market Inc. grew its position in Duke Energy by 1.2% in the first quarter. Cibc World Market Inc. now owns 47,250 shares of the utilities provider’s stock valued at $5,276,000 after purchasing an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Duke Energy by 29.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,751 shares of the utilities provider’s stock valued at $1,089,000 after purchasing an additional 2,223 shares in the last quarter. Covestor Ltd grew its position in shares of Duke Energy by 447.8% in the 1st quarter. Covestor Ltd now owns 1,260 shares of the utilities provider’s stock valued at $141,000 after acquiring an additional 1,030 shares during the period. Finally, Mather Group LLC. grew its position in shares of Duke Energy by 5.2% in the 1st quarter. Mather Group LLC. now owns 6,505 shares of the utilities provider’s stock valued at $726,000 after acquiring an additional 322 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on DUK shares. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $101.00 to $113.00 in a research report on Wednesday, January 10th. Barclays lifted their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday. Mizuho raised their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, KeyCorp raised their target price on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.17.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $94.50 on Thursday. 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 50-day simple moving average of $94.00 and a two-hundred day simple moving average of $93.22. The stock has a market capitalization of $72.90 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.46.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the firm earned $1.11 EPS. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts forecast that Duke Energy Co. will post 5.99 EPS for the current year.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

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.