Cwm LLC Acquires 4,181 Shares of Duke Energy Co. (NYSE:DUK)

Cwm LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,368 shares of the utilities provider’s stock after purchasing an additional 4,181 shares during the period. Cwm LLC’s holdings in Duke Energy were worth $3,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. grew its stake in Duke Energy by 1.4% in the 4th quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock valued at $771,000 after buying an additional 110 shares in the last quarter. Chemung Canal Trust Co. grew its stake in Duke Energy by 0.8% in the 4th quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock valued at $1,405,000 after buying an additional 113 shares in the last quarter. Verum Partners LLC grew its stake in Duke Energy by 3.1% in the 4th quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock valued at $372,000 after buying an additional 115 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in Duke Energy by 0.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 27,481 shares of the utilities provider’s stock valued at $2,667,000 after buying an additional 115 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Duke Energy by 10.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,266 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 116 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Insider Transactions at Duke Energy

In related 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 completion of the transaction, the executive vice president now directly 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 SEC, which is available through this link. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on DUK. Bank of America upped their price target on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Scotiabank decreased their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday. Barclays upped their price target on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Wells Fargo & Company cut their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Finally, Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $100.62.

Duke Energy Stock Performance

Duke Energy stock opened at $98.96 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average of $94.59 and a 200-day moving average of $93.63. The firm has a market cap of $76.34 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.61 and a beta of 0.46. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.93% and a net margin of 9.78%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 earnings per share. Sell-side analysts expect that Duke Energy Co. will post 5.99 EPS for the current year.

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.