Crescent Sterling Ltd. Has $724,000 Stock Position in Duke Energy Co. (NYSE:DUK)

Crescent Sterling Ltd. raised its position in shares of Duke Energy Co. (NYSE:DUK) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,488 shares of the utilities provider’s stock after purchasing an additional 272 shares during the period. Crescent Sterling Ltd.’s holdings in Duke Energy were worth $724,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DUK. Sugarloaf Wealth Management LLC grew its stake in shares of 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 during the last quarter. Catalyst Financial Partners LLC grew its stake in shares of Duke Energy by 28.6% in the third quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 894 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Duke Energy by 4.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after purchasing an additional 1,122 shares during the last quarter. Wagner Wealth Management LLC lifted its holdings in Duke Energy by 3.4% in the fourth quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after buying an additional 576 shares during the period. Finally, ORG Partners LLC lifted its holdings in Duke Energy by 31.2% in the fourth quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock valued at $126,000 after buying an additional 309 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the sale, 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 Stock Down 0.5 %

Shares of DUK traded down $0.47 on Tuesday, reaching $98.26. The company’s stock had a trading volume of 2,488,660 shares, compared to its average volume of 2,968,449. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $100.13. The stock has a market capitalization of $75.80 billion, a PE ratio of 27.68, a PEG ratio of 2.60 and a beta of 0.46. The firm has a fifty day moving average of $95.10 and a 200-day moving average of $93.94.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter in the prior year, the company earned $1.11 EPS. The company’s revenue was down 1.9% on a year-over-year basis. Equities analysts predict that Duke Energy Co. will post 5.98 EPS for the current year.

Analyst Ratings Changes

DUK has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Scotiabank dropped their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. BMO Capital Markets dropped their target price on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. KeyCorp boosted their target price on shares of 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 shares of Duke Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $100.62.

About Duke Energy

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.