RB Capital Management LLC Lowers Position in Duke Energy Co. (NYSE:DUK)

RB Capital Management LLC decreased its position in Duke Energy Co. (NYSE:DUK) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,591 shares of the utilities provider’s stock after selling 284 shares during the quarter. RB Capital Management LLC’s holdings in Duke Energy were worth $543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FSC Wealth Advisors LLC bought a new position in shares of Duke Energy during the third quarter valued at $29,000. Legacy Financial Group LLC bought a new stake in Duke Energy during the 3rd quarter valued at about $45,000. Fortis Group Advisors LLC bought a new position in shares of Duke Energy in the third quarter worth approximately $50,000. Bruce G. Allen Investments LLC purchased a new position in Duke Energy in the 4th quarter worth about $71,000. Finally, PFS Partners LLC lifted its position in Duke Energy by 145.0% during the fourth quarter. PFS Partners LLC now owns 735 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 435 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. KeyCorp increased their price objective on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Mizuho boosted their target price on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Bank of America upped their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $100.62.

Duke Energy Stock Up 1.5 %

DUK traded up $1.52 on Wednesday, hitting $99.78. 4,789,335 shares of the company were exchanged, compared to its average volume of 2,990,113. The firm has a 50-day moving average price of $95.10 and a two-hundred day moving average price of $93.94. 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 $100.56. The company has a market cap of $76.98 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.63 and a beta of 0.46.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 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 net margin of 9.78% and a return on equity of 8.93%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. On average, equities analysts predict that Duke Energy Co. will post 5.98 earnings per share for the current year.

Insider Buying and Selling at Duke Energy

In related news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the sale, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

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.