GeoWealth Management LLC Cuts Position in Duke Energy Co. (NYSE:DUK)

GeoWealth Management LLC reduced its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 87.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,268 shares of the utilities provider's stock after selling 15,444 shares during the period. GeoWealth Management LLC's holdings in Duke Energy were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of DUK. Parkworth Wealth Management Inc. purchased a new stake in Duke Energy during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC acquired a new stake in Duke Energy during the 4th quarter worth approximately $30,000. Sierra Ocean LLC purchased a new position in Duke Energy in the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. grew its stake in shares of Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after acquiring an additional 270 shares in the last quarter. Finally, CGC Financial Services LLC raised its stake 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 acquiring an additional 242 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $122.53 on Wednesday. The stock has a market capitalization of $95.21 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.79 and a beta of 0.39. The firm's fifty day simple moving average is $117.81 and its 200-day simple moving average is $114.17. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a 12 month low of $96.68 and a 12 month high of $125.27.

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 for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. As a group, equities analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on DUK shares. UBS Group upped their price target on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. BMO Capital Markets dropped their price objective on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley lifted their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, Barclays raised their price target on Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.87.

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.

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