Resurgent Financial Advisors LLC Has $380,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Resurgent Financial Advisors LLC reduced its position in shares of Duke Energy Co. (NYSE:DUK) by 20.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,526 shares of the utilities provider’s stock after selling 934 shares during the period. Resurgent Financial Advisors LLC’s holdings in Duke Energy were worth $380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB raised its stake in shares of Duke Energy by 0.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider’s stock valued at $3,378,000 after acquiring an additional 93 shares during the last quarter. Pallas Capital Advisors LLC grew its position in Duke Energy by 2.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider’s stock worth $372,000 after acquiring an additional 95 shares during the last quarter. Intergy Private Wealth LLC increased its holdings in Duke Energy by 4.8% during the 4th quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 96 shares in the last quarter. V Square Quantitative Management LLC raised its position in Duke Energy by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider’s stock valued at $779,000 after purchasing an additional 96 shares during the last quarter. Finally, Missouri Trust & Investment Co boosted its stake in Duke Energy by 10.3% in the fourth quarter. Missouri Trust & Investment Co now owns 1,071 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 100 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Trading Down 0.2 %

NYSE:DUK opened at $120.41 on Wednesday. The firm has a market capitalization of $93.56 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 1-year low of $92.75 and a 1-year high of $125.27. The business’s 50-day moving average price is $117.23 and its two-hundred day moving average price is $113.97. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. On average, equities analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DUK. UBS Group raised their target price on Duke Energy from $123.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Jefferies Financial Group boosted their target price on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Guggenheim increased their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. BMO Capital Markets dropped their price objective on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. upped their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.87.

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.