Duke Energy Corp (DUK) Position Trimmed by Essex Financial Services Inc.
Essex Financial Services Inc. trimmed its position in shares of Duke Energy Corp (NYSE:DUK) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 13,785 shares of the utilities provider’s stock after selling 717 shares during the period. Essex Financial Services Inc.’s holdings in Duke Energy were worth $1,167,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. Nelson Roberts Investment Advisors LLC acquired a new stake in Duke Energy during the 3rd quarter valued at $112,000. Shamrock Asset Management LLC acquired a new stake in Duke Energy during the 4th quarter valued at $115,000. Global Trust Asset Management LLC acquired a new stake in Duke Energy during the 4th quarter valued at $115,000. Wealthcare Advisory Partners LLC acquired a new stake in Duke Energy during the 3rd quarter valued at $131,000. Finally, Acropolis Investment Management LLC acquired a new stake in Duke Energy during the 4th quarter valued at $131,000. 57.13% of the stock is owned by institutional investors and hedge funds.
Duke Energy Corp (NYSE:DUK) opened at $76.10 on Monday. Duke Energy Corp has a 52 week low of $72.93 and a 52 week high of $91.80. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The company has a market cap of $53,268.14, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 3.94 and a beta of 0.12.
A number of research firms recently weighed in on DUK. UBS Group began coverage on shares of Duke Energy in a report on Friday, February 2nd. They set a “buy” rating and a $91.00 price target for the company. SunTrust Banks set a $80.00 price target on shares of Duke Energy and gave the company a “hold” rating in a report on Monday, February 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $91.00 price target on shares of Duke Energy in a report on Thursday, February 1st. Credit Suisse Group upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $91.00 to $83.00 in a research note on Tuesday, January 23rd. Finally, Wolfe Research upgraded shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $87.98.
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About Duke Energy
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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