GAMMA Investing LLC Invests $307,000 in Duke Energy Co. (NYSE:DUK)

GAMMA Investing LLC purchased a new stake in shares of Duke Energy Co. (NYSE:DUK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,206 shares of the utilities provider’s stock, valued at approximately $307,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC lifted its stake in shares of Duke Energy by 13.9% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 344 shares in the last quarter. Catalyst Financial Partners LLC raised its stake in shares of Duke Energy by 28.6% during the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 894 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of Duke Energy by 4.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after purchasing an additional 1,122 shares in the last quarter. Wagner Wealth Management LLC boosted its position in 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 last quarter. Finally, ORG Partners LLC grew its stake in Duke Energy by 31.2% during the 4th quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 309 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $98.96 on Thursday. The stock’s 50 day moving average price is $94.59 and its 200 day moving average price is $93.63. 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 stock has a market cap of $76.34 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.61 and a beta of 0.46. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.39.

Duke Energy (NYSE:DUK) last announced 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 firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the business earned $1.11 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Duke Energy Co. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of recent analyst reports. BMO Capital Markets cut their target price on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. KeyCorp lifted their price objective on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. 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. Finally, Barclays lifted their price target on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Seven equities 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, Duke Energy currently has an average rating of “Hold” and a consensus price target of $100.62.

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.