Doheny Asset Management CA Sells 841 Shares of Duke Energy Co. (NYSE:DUK)

Doheny Asset Management CA lessened its position in shares of Duke Energy Co. (NYSE:DUK) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,045 shares of the utilities provider’s stock after selling 841 shares during the period. Doheny Asset Management CA’s holdings in Duke Energy were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dakota Wealth Management increased its holdings in shares of Duke Energy by 34.0% in the 3rd quarter. Dakota Wealth Management now owns 17,927 shares of the utilities provider’s stock worth $1,582,000 after buying an additional 4,553 shares during the last quarter. Simon Quick Advisors LLC bought a new position in shares of Duke Energy in the 3rd quarter worth $222,000. Capital Advisors Inc. OK increased its holdings in shares of Duke Energy by 3.6% in the 3rd quarter. Capital Advisors Inc. OK now owns 8,184 shares of the utilities provider’s stock worth $722,000 after buying an additional 288 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Duke Energy by 6.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 49,178 shares of the utilities provider’s stock worth $4,341,000 after buying an additional 2,996 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of Duke Energy by 278.2% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 26,618 shares of the utilities provider’s stock worth $2,349,000 after buying an additional 19,579 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Duke Energy Trading Down 0.6 %

DUK traded down $0.57 during trading on Thursday, hitting $99.21. 1,205,120 shares of the stock traded hands, compared to its average volume of 2,968,156. The firm has a market capitalization of $76.54 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. 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 firm has a 50-day moving average of $95.24 and a 200 day moving average of $93.98. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $100.56.

Duke Energy (NYSE:DUK) last announced its quarterly 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). The firm 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%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS. Equities research analysts anticipate that Duke Energy Co. will post 5.98 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on DUK shares. BMO Capital Markets decreased their price target on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Wells Fargo & Company reduced their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and increased their target price for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Barclays increased their target price on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Mizuho increased their target price on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Duke Energy has an average rating of “Hold” and an average target price 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.