AM Investment Strategies LLC Has $340,000 Holdings in Duke Energy Co. (NYSE:DUK)

AM Investment Strategies LLC lifted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,504 shares of the utilities provider’s stock after purchasing an additional 173 shares during the period. AM Investment Strategies LLC’s holdings in Duke Energy were worth $340,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. First Command Advisory Services Inc. raised its stake in Duke Energy by 1.4% during the fourth quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock worth $771,000 after buying an additional 110 shares during the last quarter. Chemung Canal Trust Co. raised its stake in Duke Energy by 0.8% during the fourth quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock worth $1,405,000 after buying an additional 113 shares during the last quarter. Verum Partners LLC raised its stake in Duke Energy by 3.1% during the fourth quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock worth $372,000 after buying an additional 115 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in Duke Energy by 0.4% during the fourth 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 during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Duke Energy by 10.1% during the fourth 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 own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Duke Energy Stock Up 0.1 %

Shares of NYSE:DUK traded up $0.07 during midday trading on Thursday, hitting $99.03. 2,540,754 shares of the company’s stock were exchanged, compared to its average volume of 2,996,189. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The stock has a 50 day moving average price of $94.73 and a 200-day moving average price of $93.67. The company has a market cap of $76.40 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.13.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $7.24 billion. During the same quarter last year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DUK shares. Mizuho lifted their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. BMO Capital Markets decreased their price target on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Scotiabank decreased their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, Barclays lifted their price target on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average 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.