Tilt Investment Management Holdings PBC Trims Stock Position in Duke Energy Co. (NYSE:DUK)

Tilt Investment Management Holdings PBC trimmed its holdings in shares of Duke Energy Co. (NYSE:DUK) by 23.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,150 shares of the utilities provider’s stock after selling 959 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Duke Energy were worth $306,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of DUK. CKW Financial Group acquired a new position in shares of Duke Energy in the third quarter worth $25,000. Chilton Capital Management LLC acquired a new position in Duke Energy in the 1st quarter valued at about $28,000. FSC Wealth Advisors LLC purchased a new position in Duke Energy in the 3rd quarter valued at about $29,000. Fairfield Bush & CO. acquired a new stake in shares of Duke Energy during the 1st quarter worth about $40,000. Finally, Compass Wealth Management LLC acquired a new position in shares of Duke Energy in the fourth quarter valued at approximately $41,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Up 0.9 %

Duke Energy stock traded up $0.88 during midday trading on Thursday, hitting $95.38. 865,656 shares of the company were exchanged, compared to its average volume of 2,978,578. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.39. The company’s fifty day moving average price is $94.00 and its 200-day moving average price is $93.22. The company has a market cap of $73.58 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.46.

Duke Energy (NYSE:DUK) last posted its 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 return on equity of 8.93% and a net margin of 9.78%. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts predict that Duke Energy Co. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company lowered their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Finally, KeyCorp increased their target price on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average price target of $101.17.

Insider Buying and Selling at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, the executive vice president now owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

About Duke Energy

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.