Flaharty Asset Management LLC Has $499,000 Holdings in Duke Energy Co. (NYSE:DUK)

Flaharty Asset Management LLC lowered its stake in Duke Energy Co. (NYSE:DUK) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,146 shares of the utilities provider’s stock after selling 125 shares during the quarter. Flaharty Asset Management LLC’s holdings in Duke Energy were worth $499,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DUK. FSC Wealth Advisors LLC bought a new stake in shares of Duke Energy in the 3rd quarter valued at about $29,000. Legacy Financial Group LLC bought a new stake in Duke Energy in the third quarter valued at approximately $45,000. Fortis Group Advisors LLC bought a new position in shares of Duke Energy during the 3rd quarter worth approximately $50,000. Bruce G. Allen Investments LLC bought a new position in shares of Duke Energy in the fourth quarter valued at about $71,000. Finally, PFS Partners LLC lifted its stake in shares of Duke Energy by 145.0% during the 4th quarter. PFS Partners LLC now owns 735 shares of the utilities provider’s stock worth $71,000 after buying an additional 435 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of NYSE:DUK traded up $1.08 during trading on Monday, hitting $98.79. 220,380 shares of the company were exchanged, compared to its average volume of 2,949,419. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.13. The company has a market capitalization of $76.21 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. The business’s 50 day moving average is $94.84 and its 200-day moving average is $93.80.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 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 the consensus estimate of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 earnings per share. Equities analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Mizuho raised their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Bank of America upped their price objective on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Barclays lifted their target price on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. 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 research report on Tuesday, April 16th. Finally, Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $101.00 to $113.00 in a research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $100.62.

Insiders Place Their Bets

In related 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 value of $277,710.00. Following the sale, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

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.