Regal Investment Advisors LLC Has $3.36 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Regal Investment Advisors LLC lowered its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,142 shares of the utilities provider's stock after selling 3,147 shares during the quarter. Regal Investment Advisors LLC's holdings in Duke Energy were worth $3,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DUK. Parkworth Wealth Management Inc. bought a new stake in Duke Energy during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new position in Duke Energy in the 4th quarter valued at $30,000. Sierra Ocean LLC bought a new stake in shares of Duke Energy during the fourth quarter worth $31,000. Rakuten Securities Inc. increased 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 valued at $31,000 after buying an additional 270 shares in the last quarter. Finally, CGC Financial Services LLC lifted its position in Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after buying an additional 242 shares in the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Stock Performance

NYSE:DUK traded up $1.30 during mid-day trading on Friday, reaching $121.65. 3,409,730 shares of the company's stock were exchanged, compared to its average volume of 3,381,113. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The firm has a market capitalization of $94.52 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. The business's fifty day simple moving average is $117.56 and its two-hundred day simple moving average is $114.09. Duke Energy Co. has a one year low of $95.98 and a one year high of $125.27.

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, 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%. Analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DUK. UBS Group boosted their price objective on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. BMO Capital Markets dropped their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Guggenheim increased their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Barclays lifted their price objective on Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. 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 note on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.87.

Duke Energy 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.