Silver Oak Securities Incorporated Purchases 2,311 Shares of Duke Energy Co. (NYSE:DUK)

Silver Oak Securities Incorporated raised its position in Duke Energy Co. (NYSE:DUK) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,876 shares of the utilities provider’s stock after buying an additional 2,311 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Duke Energy were worth $1,347,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DUK. Sugarloaf Wealth Management LLC grew its holdings in shares of Duke Energy by 13.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 344 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Duke Energy by 28.6% during the 3rd 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 last quarter. Dynamic Advisor Solutions LLC boosted its position in Duke Energy by 4.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after buying an additional 1,122 shares during the period. Wagner Wealth Management LLC boosted its position in Duke Energy by 3.4% during the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock worth $1,691,000 after buying an additional 576 shares during the period. Finally, ORG Partners LLC boosted its position in Duke Energy by 31.2% during the 4th quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock worth $126,000 after buying an additional 309 shares during the period. 65.31% of the stock is owned by institutional investors.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the 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 sale, the executive vice president now directly 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 link. Insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

DUK opened at $97.71 on Monday. The firm has a market cap of $75.38 billion, a P/E ratio of 27.52, a PEG ratio of 2.60 and a beta of 0.46. The firm has a 50-day moving average of $94.84 and a 200 day moving average of $93.80. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.13.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $1.11 earnings per share. On average, research analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DUK shares. Barclays boosted their price target on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. KeyCorp boosted their price target on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Bank of America boosted their price target 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. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $101.00 to $113.00 in a research report on Wednesday, January 10th. Finally, BMO Capital Markets dropped 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 report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy currently has an average rating of “Hold” and a consensus price target of $100.62.

Duke Energy 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.