Duke Energy Co. (NYSE:DUK) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lowered its position in Duke Energy Co. (NYSE:DUK) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,329 shares of the utilities provider’s stock after selling 4,652 shares during the quarter. Calamos Advisors LLC’s holdings in Duke Energy were worth $18,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in DUK. Fairfield Bush & CO. acquired a new position in shares of Duke Energy during the first quarter valued at approximately $40,000. Cibc World Market Inc. boosted its holdings in Duke Energy by 1.2% during the first quarter. Cibc World Market Inc. now owns 47,250 shares of the utilities provider’s stock worth $5,276,000 after buying an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Duke Energy by 29.5% during the first quarter. Sequoia Financial Advisors LLC now owns 9,751 shares of the utilities provider’s stock worth $1,089,000 after buying an additional 2,223 shares in the last quarter. Covestor Ltd boosted its holdings in Duke Energy by 447.8% during the first quarter. Covestor Ltd now owns 1,260 shares of the utilities provider’s stock worth $141,000 after buying an additional 1,030 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in Duke Energy by 5.2% during the first quarter. Mather Group LLC. now owns 6,505 shares of the utilities provider’s stock worth $726,000 after buying an additional 322 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

DUK has been the subject of a number of research reports. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. Mizuho raised their price objective 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. Barclays raised their price target on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company cut their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Finally, Bank of America lifted their target price on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Six research 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 company has an average rating of “Moderate Buy” and an average target price of $101.17.

Insider Activity

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’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 in the company, valued at $1,315,697.41. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Duke Energy Price Performance

Shares of Duke Energy stock traded up $0.12 during trading on Friday, hitting $96.05. 423,806 shares of the company’s stock traded hands, compared to its average volume of 2,967,672. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The firm’s fifty day moving average price is $94.07 and its 200 day moving average price is $93.24. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $100.39. The company has a market cap of $74.10 billion, a PE ratio of 27.02, a PEG ratio of 2.51 and a beta of 0.46.

Duke Energy (NYSE:DUK) last issued its earnings results 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 net margin of 9.78% and a return on equity of 8.93%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the firm posted $1.11 earnings per share. Duke Energy’s revenue was down 1.9% on a year-over-year basis. Analysts forecast that Duke Energy Co. will post 5.99 earnings per share for the current year.

About Duke Energy

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.