Edgar Lomax Co. VA Sells 2,825 Shares of Duke Energy Co. (NYSE:DUK)

Edgar Lomax Co. VA lessened its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 145,356 shares of the utilities provider's stock after selling 2,825 shares during the period. Edgar Lomax Co. VA's holdings in Duke Energy were worth $15,661,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB lifted its holdings in Duke Energy by 0.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider's stock worth $3,378,000 after buying an additional 93 shares during the period. Pallas Capital Advisors LLC lifted its stake in shares of Duke Energy by 2.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider's stock worth $372,000 after acquiring an additional 95 shares during the period. Intergy Private Wealth LLC increased its position in Duke Energy by 4.8% during the 4th quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider's stock valued at $228,000 after purchasing an additional 96 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Duke Energy by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider's stock worth $779,000 after purchasing an additional 96 shares during the period. Finally, Cravens & Co Advisors LLC boosted its stake in shares of Duke Energy by 3.9% in the 4th quarter. Cravens & Co Advisors LLC now owns 2,624 shares of the utilities provider's stock valued at $283,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Stock Performance

Shares of NYSE DUK traded down $1.07 during midday trading on Wednesday, hitting $121.46. The company's stock had a trading volume of 4,035,595 shares, compared to its average volume of 3,381,536. The stock has a fifty day moving average price of $117.81 and a 200 day moving average price of $114.17. The firm has a market capitalization of $94.38 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a one year low of $96.68 and a one year high of $125.27. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. On average, research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Analyst Ratings Changes

DUK has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their target price on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Morgan Stanley increased their price target on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Jefferies Financial Group lifted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, BMO Capital Markets reduced their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.87.

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.