Duke Energy Co. (NYSE:DUK) Shares Sold by CRA Financial Services LLC (2024)

CRA Financial Services LLC lowered its holdings in Duke Energy Co. (NYSE:DUK – Free Report) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,088 shares of the utilities provider’s stock after selling 422 shares during the quarter. CRA Financial Services LLC’s holdings in Duke Energy were worth $300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC increased 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 acquiring an additional 344 shares during the period. Catalyst Financial Partners LLC increased 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 acquiring an additional 894 shares during the period. Dynamic Advisor Solutions LLC increased 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 acquiring an additional 1,122 shares during the period. Wagner Wealth Management LLC increased its stake in shares of Duke Energy by 3.4% in the fourth quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock worth $1,691,000 after acquiring an additional 576 shares during the period. Finally, ORG Partners LLC increased its stake in shares of Duke Energy by 31.2% in the fourth quarter. ORG Partners LLC now owns 1,300 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 309 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

DUK opened at $98.24 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. The company has a market cap of $75.79 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 2.61 and a beta of 0.46. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $100.39. The firm’s fifty day simple moving average is $94.20 and its two-hundred day simple moving average is $93.38.

Duke Energy (NYSE:DUK – Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The company had revenue of $7.21 billion for 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 business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. Equities analysts anticipate that Duke Energy Co. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DUK has been the topic of several analyst reports. KeyCorp raised their price target on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Barclays raised their price target on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Wells Fargo & Company dropped their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Bank of America raised their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Mizuho raised their price target on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Duke Energy has an average rating of “Moderate Buy” and a consensus price target of $101.17.

Check Out Our Latest Research Report on Duke Energy

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the firm’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 transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Duke Energy Company Profile

(Free Report)

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.

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