Van Cleef Asset Management Inc Has $267,000 Position in Duke Energy Co. (NYSE:DUK)

Van Cleef Asset Management Inc cut its stake in shares of Duke Energy Co. (NYSE:DUK) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,749 shares of the utilities provider’s stock after selling 150 shares during the quarter. Van Cleef Asset Management Inc’s holdings in Duke Energy were worth $267,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CKW Financial Group bought a new position in shares of Duke Energy in the third quarter valued at about $25,000. FSC Wealth Advisors LLC bought a new position in shares of Duke Energy in the third quarter valued at about $29,000. Legacy Financial Group LLC bought a new position in shares of Duke Energy in the third quarter valued at about $45,000. Fortis Group Advisors LLC bought a new position in shares of Duke Energy in the third quarter valued at about $50,000. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Duke Energy by 49.1% in the third quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock valued at $51,000 after buying an additional 188 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Duke Energy Stock Up 0.1 %

NYSE:DUK traded up $0.07 during trading hours on Thursday, reaching $99.03. 2,540,754 shares of the stock were exchanged, compared to its average volume of 2,996,189. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $100.13. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The firm has a 50 day moving average of $94.59 and a 200 day moving average of $93.63. The stock has a market cap of $76.40 billion, a PE ratio of 27.67, a PEG ratio of 2.61 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 earnings per share (EPS) 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 company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the prior year, the company earned $1.11 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts expect that Duke Energy Co. will post 5.99 earnings per share for the current year.

Wall Street Analyst Weigh In

DUK has been the subject of several recent research reports. 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 report on Wednesday, January 10th. Scotiabank dropped their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday. KeyCorp boosted their price objective on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, Bank of America boosted their target price on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Seven 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 stock currently has an average rating of “Hold” and a consensus target price 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.