Forte Capital LLC ADV Sells 322 Shares of Duke Energy Co. (NYSE:DUK)

Forte Capital LLC ADV decreased its position in Duke Energy Co. (NYSE:DUK) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,157 shares of the utilities provider’s stock after selling 322 shares during the quarter. Forte Capital LLC ADV’s holdings in Duke Energy were worth $2,150,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DUK. Legacy Financial Group LLC bought a new stake in shares of Duke Energy during the 3rd quarter worth $45,000. Fortis Group Advisors LLC bought a new stake in shares of Duke Energy during the 3rd quarter worth $50,000. AJOVista LLC purchased a new stake in shares of Duke Energy during the 4th quarter worth approximately $67,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Duke Energy during the 4th quarter worth approximately $71,000. Finally, PFS Partners LLC increased its stake in shares of Duke Energy by 145.0% during the 4th quarter. PFS Partners LLC now owns 735 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 435 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DUK shares. 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 research note on Monday, April 22nd. Wells Fargo & Company cut their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. 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. Finally, Bank of America raised their price target on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.62.

Duke Energy Price Performance

Shares of Duke Energy stock traded up $0.95 during trading on Friday, hitting $100.26. The stock had a trading volume of 4,338,461 shares, compared to its average volume of 2,636,808. The firm has a market cap of $77.35 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 2.67 and a beta of 0.45. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.56. The business’s 50-day moving average is $95.53 and its 200 day moving average is $94.09. 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 (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 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 business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. During the same period in the previous year, the firm posted $1.11 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duke Energy Co. will post 5.98 earnings per share for the current year.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the sale, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

Duke Energy 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.