Raab & Moskowitz Asset Management LLC Has $396,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Raab & Moskowitz Asset Management LLC grew its holdings in Duke Energy Co. (NYSE:DUK) by 69.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,082 shares of the utilities provider’s stock after purchasing an additional 1,674 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Duke Energy were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUK. First Command Advisory Services Inc. increased its holdings in Duke Energy by 1.4% during the 4th quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock worth $771,000 after purchasing an additional 110 shares in the last quarter. Chemung Canal Trust Co. increased its holdings in Duke Energy by 0.8% during the 4th quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock worth $1,405,000 after purchasing an additional 113 shares in the last quarter. Verum Partners LLC increased its holdings in Duke Energy by 3.1% during the 4th quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 115 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in Duke Energy by 0.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 27,481 shares of the utilities provider’s stock worth $2,667,000 after purchasing an additional 115 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in Duke Energy by 10.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,266 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 116 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of several research reports. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Mizuho increased their target price on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Bank of America increased their price objective on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company reduced their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.62.

Duke Energy Trading Down 1.3 %

Shares of NYSE DUK traded down $1.32 during trading hours on Friday, hitting $97.71. The company’s stock had a trading volume of 1,994,792 shares, compared to its average volume of 2,375,920. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. The stock has a market cap of $75.38 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 2.63 and a beta of 0.46. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.13. The business has a 50-day simple moving average of $94.84 and a 200-day simple moving average of $93.74.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter last year, the business earned $1.11 earnings per share. The business’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts anticipate that Duke Energy Co. will post 5.99 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.