Choreo LLC Sells 914 Shares of Duke Energy Co. (NYSE:DUK)

Choreo LLC trimmed its holdings in shares of Duke Energy Co. (NYSE:DUK) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,737 shares of the utilities provider’s stock after selling 914 shares during the quarter. Choreo LLC’s holdings in Duke Energy were worth $2,012,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in Duke Energy by 4.6% during the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after buying an additional 1,002,157 shares during the period. Morgan Stanley boosted its position in shares of Duke Energy by 4.9% in the third quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after purchasing an additional 492,011 shares during the period. Northern Trust Corp boosted its position in shares of Duke Energy by 1.9% in the third quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock worth $698,923,000 after purchasing an additional 144,612 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Duke Energy by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,672,930 shares of the utilities provider’s stock worth $656,321,000 after purchasing an additional 124,114 shares during the period. Finally, FMR LLC boosted its position in shares of Duke Energy by 11.0% in the third quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock worth $635,952,000 after purchasing an additional 715,069 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DUK has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price target 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, April 16th. Bank of America upped their target price 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. Scotiabank dropped their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Finally, Mizuho upped 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. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $100.62.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of the 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 sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

Duke Energy stock opened at $98.69 on Tuesday. The company has a market cap of $76.14 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.60 and a beta of 0.46. The firm’s fifty day moving average is $94.98 and its 200 day moving average is $93.87. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $100.13.

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 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 analysts’ expectations of $7.24 billion. During the same period in the previous year, the company earned $1.11 EPS. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. Sell-side analysts forecast that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

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.