Mountain Capital Investment Advisors Inc Boosts Stock Position in Duke Energy Co. (NYSE:DUK)

Mountain Capital Investment Advisors Inc boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 14.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,812 shares of the utilities provider’s stock after acquiring an additional 1,651 shares during the quarter. Mountain Capital Investment Advisors Inc’s holdings in Duke Energy were worth $1,262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC boosted its holdings in Duke Energy by 63.9% during the 4th quarter. FMR LLC now owns 8,728,974 shares of the utilities provider’s stock valued at $799,224,000 after acquiring an additional 3,404,795 shares during the period. Morgan Stanley boosted its holdings in Duke Energy by 10.1% during the 4th quarter. Morgan Stanley now owns 5,456,092 shares of the utilities provider’s stock valued at $499,562,000 after acquiring an additional 498,409 shares during the period. Wells Fargo & Company MN boosted its holdings in Duke Energy by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,894,975 shares of the utilities provider’s stock valued at $356,623,000 after acquiring an additional 37,247 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Duke Energy by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,377,428 shares of the utilities provider’s stock valued at $309,238,000 after acquiring an additional 88,997 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in Duke Energy by 3.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 2,977,149 shares of the utilities provider’s stock valued at $272,588,000 after acquiring an additional 85,988 shares during the period. Institutional investors own 63.48% of the company’s stock.

In other news, SVP Dwight L. Jacobs sold 1,802 shares of the company’s stock in a transaction dated Tuesday, February 23rd. The stock was sold at an average price of $89.35, for a total value of $161,008.70. Following the sale, the senior vice president now owns 5,794 shares in the company, valued at $517,693.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

Duke Energy stock traded up $0.21 during trading hours on Wednesday, hitting $98.71. 112,451 shares of the stock traded hands, compared to its average volume of 3,275,016. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.52 and a quick ratio of 0.33. The firm’s 50 day moving average price is $92.54 and its 200-day moving average price is $91.95. The stock has a market capitalization of $75.93 billion, a price-to-earnings ratio of 36.08, a P/E/G ratio of 4.88 and a beta of 0.23. Duke Energy Co. has a 1 year low of $77.58 and a 1 year high of $98.88.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Wednesday, February 10th. The utilities provider reported $1.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.03. The business had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $6.22 billion. Duke Energy had a return on equity of 8.28% and a net margin of 8.68%. Research analysts forecast that Duke Energy Co. will post 5.09 earnings per share for the current fiscal year.

A number of brokerages have weighed in on DUK. Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and set a $94.00 target price for the company. in a research report on Friday, February 12th. Morgan Stanley lifted their target price on Duke Energy from $99.00 to $101.00 and gave the company an “equal weight” rating in a research report on Thursday, March 25th. The Goldman Sachs Group lowered Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 target price for the company. in a research report on Thursday, January 14th. Wells Fargo & Company lifted their target price on Duke Energy from $97.00 to $104.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Mizuho boosted their price target on Duke Energy from $93.00 to $96.00 in a research report on Monday, February 1st. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Duke Energy currently has an average rating of “Hold” and a consensus target price of $100.60.

Duke Energy Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.

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

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