Stockman Wealth Management Inc. Has $573,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Stockman Wealth Management Inc. decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,900 shares of the utilities provider’s stock after selling 143 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Duke Energy were worth $573,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. CKW Financial Group acquired a new stake in shares of Duke Energy during the third quarter worth $25,000. FSC Wealth Advisors LLC acquired a new stake in shares of Duke Energy during the third quarter worth $29,000. Legacy Financial Group LLC acquired a new position in Duke Energy in the third quarter valued at about $45,000. Fortis Group Advisors LLC acquired a new position in Duke Energy in the third quarter valued at about $50,000. Finally, GHP Investment Advisors Inc. raised its stake in Duke Energy by 49.1% in the third quarter. GHP Investment Advisors Inc. now owns 571 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Down 0.1 %

DUK stock traded down $0.13 during trading on Monday, hitting $98.11. The company had a trading volume of 2,932,991 shares, compared to its average volume of 3,017,579. The stock has a market cap of $75.69 billion, a PE ratio of 27.64, a PEG ratio of 2.61 and a beta of 0.46. Duke Energy Co. has a one year low of $83.06 and a one year high of $100.39. The business has a 50-day moving average of $94.31 and a 200-day moving average of $93.52. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. Duke Energy’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 earnings per share. Research analysts predict that Duke Energy Co. will post 5.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on DUK shares. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. BMO Capital Markets reduced their price target on Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Bank of America boosted their price target on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Mizuho boosted their price target on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company reduced their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Seven 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 a consensus rating of “Hold” and a consensus 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.