IHT Wealth Management LLC Sells 3,036 Shares of Duke Energy Co. (NYSE:DUK)

IHT Wealth Management LLC lowered its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,256 shares of the utilities provider's stock after selling 3,036 shares during the quarter. IHT Wealth Management LLC's holdings in Duke Energy were worth $2,075,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on DUK. Jefferies Financial Group boosted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, February 21st. BMO Capital Markets decreased their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. UBS Group lifted their price objective on 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. increased their target price on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley lifted their price target on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Seven equities research 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 company presently has an average rating of "Moderate Buy" and an average target price of $123.87.

Duke Energy Stock Up 2.0 %

NYSE:DUK opened at $122.53 on Wednesday. The firm has a 50-day simple moving average of $117.81 and a two-hundred day simple moving average of $114.17. The firm has a market cap of $95.21 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a fifty-two week low of $96.68 and a fifty-two week high of $125.27. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share 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 predict 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.

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