Ables Iannone Moore & Associates Inc. Sells 121 Shares of Duke Energy Co. (NYSE:DUK)

Ables Iannone Moore & Associates Inc. reduced its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,313 shares of the utilities provider’s stock after selling 121 shares during the period. Ables Iannone Moore & Associates Inc.’s holdings in Duke Energy were worth $680,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DUK. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy in the 3rd quarter valued at $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy in the 3rd quarter worth approximately $30,000. Sachetta LLC grew its position in Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 96 shares during the last quarter. Reston Wealth Management LLC bought a new position in Duke Energy in the 3rd quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC boosted its stake in Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DUK has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Barclays lifted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley dropped their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Jefferies Financial Group assumed coverage on Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price for the company. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Stock Down 1.4 %

Shares of DUK stock traded down $1.54 on Monday, hitting $106.24. 3,617,985 shares of the stock were exchanged, compared to its average volume of 2,417,767. The firm has a market capitalization of $82.07 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49. The business has a 50-day moving average of $111.76 and a 200 day moving average of $111.55. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the prior year, the firm earned $1.94 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Co. will post 5.95 EPS for the current year.

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.