Duke Energy Co. (NYSE:DUK) Position Increased by Lindbrook Capital LLC

Lindbrook Capital LLC grew its position in Duke Energy Co. (NYSE:DUK) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,375 shares of the utilities provider’s stock after purchasing an additional 273 shares during the period. Lindbrook Capital LLC’s holdings in Duke Energy were worth $230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUK. abrdn plc lifted its stake in Duke Energy by 72.6% in the fourth quarter. abrdn plc now owns 317,461 shares of the utilities provider’s stock valued at $30,806,000 after acquiring an additional 133,527 shares during the last quarter. Ipswich Investment Management Co. Inc. increased its position in Duke Energy by 0.8% during the fourth quarter. Ipswich Investment Management Co. Inc. now owns 17,514 shares of the utilities provider’s stock worth $1,700,000 after buying an additional 144 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in Duke Energy by 0.4% during the fourth 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. Wetzel Investment Advisors Inc. acquired a new stake in shares of Duke Energy in the fourth quarter worth about $154,000. Finally, Bigelow Investment Advisors LLC increased its holdings in shares of Duke Energy by 2.0% during the 4th quarter. Bigelow Investment Advisors LLC now owns 6,566 shares of the utilities provider’s stock valued at $637,000 after acquiring an additional 130 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Down 0.1 %

DUK stock opened at $98.11 on Tuesday. 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 market cap of $75.69 billion, a P/E ratio of 27.64, 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. The business’s 50 day moving average is $94.31 and its 200-day moving average is $93.52.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same quarter in the prior year, the company earned $1.11 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Co. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction that occurred on 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 owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of a number of recent analyst reports. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. Scotiabank decreased their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday. Barclays boosted their price objective on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Mizuho lifted their price target on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $100.62.

Duke Energy Company 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.