Cornerstone Capital Inc. Sells 16,084 Shares of Duke Energy Co. (NYSE:DUK)

Cornerstone Capital Inc. lowered its position in Duke Energy Co. (NYSE:DUK) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,655 shares of the utilities provider’s stock after selling 16,084 shares during the quarter. Cornerstone Capital Inc.’s holdings in Duke Energy were worth $10,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC grew its stake in Duke Energy by 13.9% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 344 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in Duke Energy by 28.6% during the 3rd quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 894 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in Duke Energy by 4.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after acquiring an additional 1,122 shares in the last quarter. Wagner Wealth Management LLC boosted its position in Duke Energy by 3.4% during the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after acquiring an additional 576 shares in the last quarter. Finally, ORG Partners LLC boosted its position in Duke Energy by 31.2% during the 4th quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 309 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DUK shares. Scotiabank dropped their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Bank of America increased their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Mizuho increased their target price on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. KeyCorp increased their price objective on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Finally, Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Hold” and an average price target of $100.62.

Duke Energy Stock Performance

Shares of DUK stock opened at $97.71 on Friday. The firm has a market capitalization of $75.38 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. 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 business has a fifty day moving average of $94.84 and a 200 day moving average of $93.77. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $100.13.

Duke Energy (NYSE:DUK) last issued its 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 firm had revenue of $7.21 billion during 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 was down 1.9% on a year-over-year basis. During the same quarter last year, the business earned $1.11 EPS. As a group, research analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current year.

Insiders Place Their Bets

In other Duke Energy 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 sale, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

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.