RWA Wealth Partners LLC Boosts Holdings in Duke Energy Co. (NYSE:DUK)

RWA Wealth Partners LLC lifted its stake in Duke Energy Co. (NYSE:DUK) by 121.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,618 shares of the utilities provider’s stock after purchasing an additional 4,179 shares during the period. RWA Wealth Partners LLC’s holdings in Duke Energy were worth $739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CKW Financial Group purchased a new stake in shares of Duke Energy in the 3rd quarter worth about $25,000. FSC Wealth Advisors LLC bought a new position in shares of Duke Energy in the 3rd quarter worth about $29,000. Legacy Financial Group LLC bought a new position in shares of Duke Energy in the 3rd quarter worth about $45,000. Fortis Group Advisors LLC bought a new position in shares of Duke Energy in the 3rd quarter worth about $50,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Duke Energy by 49.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 188 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

Shares of DUK stock opened at $98.96 on Thursday. The company has a 50 day moving average price of $94.59 and a 200-day moving average price of $93.63. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $100.39. The firm has a market capitalization of $76.34 billion, a PE ratio of 27.88, a P/E/G ratio of 2.61 and a beta of 0.46. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS. As a group, equities research analysts expect that Duke Energy Co. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, the executive vice president now owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DUK shares. KeyCorp increased their price target on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Scotiabank reduced their price objective on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday. Barclays raised their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Mizuho raised their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Duke Energy has an average rating of “Hold” and an average target price of $100.62.

About Duke Energy

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.