Doliver Advisors LP Acquires 1,423 Shares of Duke Energy Co. (NYSE:DUK)

Doliver Advisors LP lifted its stake in Duke Energy Co. (NYSE:DUK) by 17.1% in the 4th quarter, HoldingsChannel reports. The firm owned 9,736 shares of the utilities provider’s stock after acquiring an additional 1,423 shares during the period. Doliver Advisors LP’s holdings in Duke Energy were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC boosted its holdings in Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares during the period. Groupama Asset Managment bought a new position in Duke Energy in the 3rd quarter worth approximately $2,537,000. Zimmer Partners LP purchased a new stake in Duke Energy during the 3rd quarter valued at approximately $166,263,000. International Assets Investment Management LLC lifted its holdings in shares of Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after buying an additional 1,117,526 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after acquiring an additional 813,744 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Trading Down 1.1 %

Shares of NYSE DUK traded down $1.14 during midday trading on Monday, hitting $106.64. The company’s stock had a trading volume of 1,591,818 shares, compared to its average volume of 2,234,684. The business’s 50 day moving average is $111.76 and its two-hundred day moving average is $111.55. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The firm has a market cap of $82.38 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 earnings per share. As a group, equities research analysts expect that Duke Energy Co. will post 5.95 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on DUK. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Barclays increased their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. BMO Capital Markets raised their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Finally, Morgan Stanley decreased their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.23.

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.