Strathmore Capital Advisors Inc. Acquires Shares of 3,702 Duke Energy Co. (NYSE:DUK)

Strathmore Capital Advisors Inc. acquired a new position in shares of Duke Energy Co. (NYSE:DUK) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,702 shares of the utilities provider’s stock, valued at approximately $399,000. Duke Energy makes up about 0.3% of Strathmore Capital Advisors Inc.’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Duke Energy by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock valued at $2,016,846,000 after purchasing an additional 442,302 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Duke Energy by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after acquiring an additional 40,243 shares during the last quarter. Swiss National Bank grew its position in Duke Energy by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Groupama Asset Managment acquired a new position in Duke Energy in the 3rd quarter worth about $2,537,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 0.4 %

Shares of NYSE:DUK traded up $0.45 during mid-day trading on Tuesday, hitting $106.82. The company had a trading volume of 1,471,430 shares, compared to its average volume of 2,731,002. The company has a market capitalization of $82.52 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The firm has a fifty day moving average price of $111.54 and a 200 day moving average price of $111.59. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DUK. Barclays boosted their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Jefferies Financial Group initiated coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target for the company. Morgan Stanley cut their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank raised their target price on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.23.

Duke Energy Company 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.