Goodman Advisory Group LLC Cuts Stake in Duke Energy Co. (NYSE:DUK)

Goodman Advisory Group LLC cut its position in Duke Energy Co. (NYSE:DUK - Free Report) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,921 shares of the utilities provider's stock after selling 4,760 shares during the quarter. Goodman Advisory Group LLC's holdings in Duke Energy were worth $3,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DUK. Parkworth Wealth Management Inc. bought a new stake in shares of Duke Energy during the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC bought a new position in shares of Duke Energy in the 4th quarter worth $30,000. Rakuten Securities Inc. raised its position in shares of Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after buying an additional 270 shares in the last quarter. Sierra Ocean LLC purchased a new position in Duke Energy in the fourth quarter worth $31,000. Finally, CGC Financial Services LLC increased its stake in 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 during the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Stock Performance

Duke Energy stock traded down $1.69 during trading on Wednesday, reaching $120.84. The company had a trading volume of 1,617,076 shares, compared to its average volume of 3,372,124. The firm's 50-day simple moving average is $117.81 and its 200 day simple moving average is $114.17. Duke Energy Co. has a 52 week low of $96.68 and a 52 week 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. The firm has a market capitalization of $93.90 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DUK. Morgan Stanley upped their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. BMO Capital Markets decreased their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. increased their target price on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Barclays increased their price objective on Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Guggenheim upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Duke Energy presently has a consensus 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.