Scissortail Wealth Management LLC Acquires Shares of 19,675 Duke Energy Co. (NYSE:DUK)

Scissortail Wealth Management LLC acquired a new stake in Duke Energy Co. (NYSE:DUK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 19,675 shares of the utilities provider’s stock, valued at approximately $1,884,000.

Other institutional investors have also recently bought and sold shares of the company. CKW Financial Group purchased a new position in shares of Duke Energy during the 3rd quarter valued at $25,000. Chilton Capital Management LLC purchased a new position in shares of Duke Energy during the 1st quarter valued at $28,000. FSC Wealth Advisors LLC purchased a new position in shares of Duke Energy during the 3rd quarter valued at $29,000. Fairfield Bush & CO. purchased a new position in shares of Duke Energy during the 1st quarter valued at $40,000. Finally, Compass Wealth Management LLC purchased a new position in shares of Duke Energy during the 4th quarter valued at $41,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE:DUK traded down $1.27 on Tuesday, hitting $92.86. The company’s stock had a trading volume of 2,655,455 shares, compared to its average volume of 3,024,587. 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 company has a market capitalization of $71.64 billion, a PE ratio of 26.16, a PEG ratio of 2.52 and a beta of 0.46. The company has a 50-day simple moving average of $94.06 and a 200 day simple moving average of $93.18. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.39.

Duke Energy (NYSE:DUK) last announced 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 firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company posted $1.11 earnings per share. Sell-side analysts forecast that Duke Energy Co. will post 5.99 EPS for the current fiscal year.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at approximately $1,315,697.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of recent research reports. BMO Capital Markets dropped their price target on Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday. Mizuho increased their price objective on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Bank of America increased their price objective on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. Six equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.17.

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.