Strathmore Capital Advisors Inc. Acquires New Holdings in Duke Energy Co. (NYSE:DUK)

Strathmore Capital Advisors Inc. purchased a new stake in Duke Energy Co. (NYSE:DUK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,702 shares of the utilities provider’s stock, valued at approximately $399,000. Duke Energy accounts for 0.3% of Strathmore Capital Advisors Inc.’s holdings, making the stock its 25th largest position.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy in the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the 3rd quarter worth approximately $30,000. Sachetta LLC raised its holdings in shares of Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 96 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Duke Energy in the third quarter worth $38,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in Duke Energy by 100.0% during the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the topic of several analyst reports. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Barclays upped their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Jefferies Financial Group started coverage on Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target for the company. Morgan Stanley cut their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Stock Performance

Shares of NYSE DUK traded up $0.45 during trading hours on Tuesday, reaching $106.82. 1,471,430 shares of the stock were exchanged, compared to its average volume of 2,731,002. The firm has a market capitalization of $82.52 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 2.90 and a beta of 0.49. The stock’s fifty day simple moving average is $111.54 and its 200 day simple moving average is $111.59. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the prior year, the business posted $1.94 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts predict that Duke Energy Co. will post 5.95 EPS for the current year.

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.