Prio Wealth Limited Partnership Trims Holdings in Duke Energy Co. (NYSE:DUK)

Prio Wealth Limited Partnership trimmed its position in Duke Energy Co. (NYSE:DUKFree Report) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,408 shares of the utilities provider’s stock after selling 533 shares during the quarter. Prio Wealth Limited Partnership’s holdings in Duke Energy were worth $331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CKW Financial Group purchased a new stake in Duke Energy in the third quarter worth $25,000. Chilton Capital Management LLC purchased a new position in shares of Duke Energy during the first quarter valued at $28,000. FSC Wealth Advisors LLC purchased a new position in shares of Duke Energy during the third quarter valued at $29,000. Fairfield Bush & CO. bought a new position in shares of Duke Energy during the first quarter valued at approximately $40,000. Finally, Compass Wealth Management LLC acquired a new stake in Duke Energy in the fourth quarter valued at approximately $41,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DUK has been the subject of several recent analyst reports. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. Bank of America cut shares of Duke Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $96.00 in a report on Monday, February 12th. BMO Capital Markets decreased their price target on shares of Duke Energy from $101.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, KeyCorp raised their price target on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Check Out Our Latest Report on Duke Energy

Duke Energy Trading Up 0.7 %

NYSE:DUK traded up $0.72 on Tuesday, hitting $96.79. The stock had a trading volume of 807,634 shares, compared to its average volume of 3,092,251. The company has a fifty day moving average price of $94.07 and a two-hundred day moving average price of $92.97. The stock has a market cap of $74.67 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.58 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. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The company had revenue of $7.21 billion during 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 was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. Equities research analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, February 16th were paid a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Thursday, February 15th. Duke Energy’s payout ratio is currently 115.49%.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the transaction, the executive vice president now owns 14,213 shares in the company, valued at approximately $1,315,697.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

Duke Energy Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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