Duke Energy Co. (NYSE:DUK) Shares Sold by F M Investments LLC

F M Investments LLC cut its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 71.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,524 shares of the utilities provider's stock after selling 8,963 shares during the period. F M Investments LLC's holdings in Duke Energy were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkworth Wealth Management Inc. acquired a new stake in shares of Duke Energy in the fourth quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new position in Duke Energy in the 4th quarter valued at about $30,000. Sierra Ocean LLC purchased a new stake in Duke Energy during the fourth quarter worth about $31,000. Rakuten Securities Inc. lifted its position in shares of Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after purchasing an additional 270 shares in the last quarter. Finally, CGC Financial Services LLC grew its holdings in shares of Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 242 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on DUK shares. Guggenheim raised their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Jefferies Financial Group boosted their target price on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Morgan Stanley upped their target price on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. UBS Group boosted their price target on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Barclays raised their price objective on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $123.87.

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Duke Energy Stock Performance

NYSE:DUK traded down $0.19 during mid-day trading on Tuesday, reaching $120.41. 2,340,656 shares of the stock were exchanged, compared to its average volume of 3,372,213. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a 1 year low of $92.75 and a 1 year high of $125.27. The company has a 50 day simple moving average of $117.11 and a 200-day simple moving average of $113.92. The stock has a market capitalization of $93.56 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.79 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results 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 net margin of 14.90% and a return on equity of 9.50%. Analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

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.