Peregrine Asset Advisers Inc. Has $1.13 Million Holdings in Duke Energy Co. (NYSE:DUK)

Peregrine Asset Advisers Inc. reduced its position in Duke Energy Co. (NYSE:DUK) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,590 shares of the utilities provider’s stock after selling 182 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Duke Energy were worth $1,125,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after buying an additional 1,002,157 shares in the last quarter. Morgan Stanley grew its holdings in shares of Duke Energy by 4.9% in the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after purchasing an additional 492,011 shares during the last quarter. Northern Trust Corp increased its position in shares of Duke Energy by 1.9% during the 3rd quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock worth $698,923,000 after purchasing an additional 144,612 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Duke Energy by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,672,930 shares of the utilities provider’s stock valued at $656,321,000 after purchasing an additional 124,114 shares during the last quarter. Finally, FMR LLC boosted its position in Duke Energy by 11.0% in the third quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock valued at $635,952,000 after buying an additional 715,069 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of Duke Energy stock in a transaction on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Stock Up 0.2 %

Shares of NYSE:DUK traded up $0.17 during trading on Monday, hitting $100.43. 3,081,418 shares of the company were exchanged, compared to its average volume of 3,001,468. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.74. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The firm has a fifty day moving average price of $95.73 and a two-hundred day moving average price of $94.26. The stock has a market cap of $77.48 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 2.67 and a beta of 0.45.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.11 earnings per share. As a group, research analysts anticipate that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DUK has been the topic of several research reports. BMO Capital Markets reduced their price target on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Scotiabank reduced their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Bank of America lifted their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Wells Fargo & Company cut their price target 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. Finally, Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.