Mitchell Mcleod Pugh & Williams Inc. Sells 259 Shares of Duke Energy Co. (NYSE:DUK)

Mitchell Mcleod Pugh & Williams Inc. reduced its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,838 shares of the utilities provider’s stock after selling 259 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Duke Energy were worth $1,634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in shares of Duke Energy by 7.9% in the third quarter. Exchange Traded Concepts LLC now owns 6,761 shares of the utilities provider’s stock valued at $597,000 after buying an additional 497 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Duke Energy by 10.4% in the third quarter. Ballentine Partners LLC now owns 4,377 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 413 shares in the last quarter. Golden State Equity Partners lifted its holdings in shares of Duke Energy by 2.8% in the third quarter. Golden State Equity Partners now owns 5,871 shares of the utilities provider’s stock valued at $518,000 after purchasing an additional 160 shares in the last quarter. Bfsg LLC lifted its holdings in shares of Duke Energy by 6.0% in the third quarter. Bfsg LLC now owns 10,861 shares of the utilities provider’s stock valued at $959,000 after purchasing an additional 615 shares in the last quarter. Finally, Avestar Capital LLC bought a new position in shares of Duke Energy in the third quarter valued at approximately $211,000. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Scotiabank dropped their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. KeyCorp lifted their price target on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Barclays boosted their target price on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Finally, Bank of America upped their target price on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $100.62.

Duke Energy Price Performance

DUK stock traded up $1.05 during trading on Monday, reaching $98.76. The company’s stock had a trading volume of 284,911 shares, compared to its average volume of 2,950,313. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.13. 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 market capitalization of $76.19 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. The company’s fifty day moving average is $94.84 and its 200-day moving average is $93.80.

Duke Energy (NYSE:DUK) last announced 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). 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 during the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the previous year, the business posted $1.11 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. On average, research analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction that occurred on 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 sale, the executive vice president now 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. 0.14% of the stock is owned by insiders.

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.