Sage Mountain Advisors LLC Sells 696 Shares of Duke Energy Co. (NYSE:DUK)

Sage Mountain Advisors LLC trimmed its position in shares of Duke Energy Co. (NYSE:DUK) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,595 shares of the utilities provider’s stock after selling 696 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Duke Energy were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. First Command Advisory Services Inc. grew its stake in shares of 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 acquiring an additional 110 shares in the last quarter. Chemung Canal Trust Co. grew its position in Duke Energy by 0.8% in the fourth quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock valued at $1,405,000 after purchasing an additional 113 shares in the last quarter. Verum Partners LLC increased its stake in Duke Energy by 3.1% in the 4th quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock valued at $372,000 after buying an additional 115 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position 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 buying an additional 115 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of 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 buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

DUK opened at $98.11 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.49 and a current ratio of 0.74. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $100.39. The firm has a market cap of $75.69 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46. The business’s fifty day moving average is $94.31 and its 200-day moving average is $93.52.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $101.00 to $113.00 in a research note on Wednesday, January 10th. BMO Capital Markets cut their price objective on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Scotiabank decreased their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company dropped 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $100.62.

Insider Buying and Selling at Duke Energy

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

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.