Illinois Municipal Retirement Fund Has $21.82 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Illinois Municipal Retirement Fund lifted its holdings in Duke Energy Co. (NYSE:DUK) by 27.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 224,828 shares of the utilities provider’s stock after acquiring an additional 48,132 shares during the period. Illinois Municipal Retirement Fund’s holdings in Duke Energy were worth $21,817,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of Duke Energy by 20.7% during the third quarter. International Assets Investment Management LLC now owns 10,571 shares of the utilities provider’s stock worth $949,000 after purchasing an additional 1,811 shares during the period. Ritholtz Wealth Management increased its stake in Duke Energy by 8.1% during the 3rd quarter. Ritholtz Wealth Management now owns 4,343 shares of the utilities provider’s stock worth $383,000 after acquiring an additional 325 shares during the period. Arkadios Wealth Advisors raised its holdings in Duke Energy by 7.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 6,805 shares of the utilities provider’s stock valued at $601,000 after acquiring an additional 483 shares in the last quarter. RFG Advisory LLC lifted its position in shares of Duke Energy by 19.6% during the 3rd quarter. RFG Advisory LLC now owns 14,005 shares of the utilities provider’s stock valued at $1,236,000 after acquiring an additional 2,298 shares during the period. Finally, Naples Global Advisors LLC grew its holdings in shares of Duke Energy by 1.5% during the 3rd quarter. Naples Global Advisors LLC now owns 24,759 shares of the utilities provider’s stock worth $2,185,000 after purchasing an additional 370 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 14,213 shares in the company, valued at approximately $1,315,697.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Trading Down 0.1 %

Duke Energy stock traded down $0.13 during trading hours on Monday, hitting $98.11. The stock 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 price-to-earnings ratio of 27.64, 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. The business’s 50 day simple moving average is $94.31 and its 200-day simple moving average is $93.52. Duke Energy Co. has a one year low of $83.06 and a one year high of $100.39.

Duke Energy (NYSE:DUK) last released 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). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter in the previous year, the firm earned $1.11 EPS. Duke Energy’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts predict that Duke Energy Co. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on DUK. KeyCorp boosted their price target on Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. BMO Capital Markets cut their price target on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Mizuho boosted their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. Finally, Wells Fargo & Company lowered their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $100.62.

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.