Andrew Hill Investment Advisors Inc. Decreases Stock Holdings in Duke Energy Corporation $DUK

Andrew Hill Investment Advisors Inc. trimmed its holdings in Duke Energy Corporation (NYSE:DUK) by 49.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,458 shares of the utilities provider’s stock after selling 18,253 shares during the quarter. Duke Energy comprises approximately 1.6% of Andrew Hill Investment Advisors Inc.’s portfolio, making the stock its 21st largest holding. Andrew Hill Investment Advisors Inc.’s holdings in Duke Energy were worth $2,164,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Dorato Capital Management purchased a new position in Duke Energy in the 4th quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Duke Energy during the 3rd quarter valued at approximately $27,000. Lodestone Wealth Management LLC purchased a new stake in shares of Duke Energy during the 4th quarter valued at approximately $30,000. Wiser Advisor Group LLC purchased a new stake in shares of Duke Energy during the 3rd quarter valued at approximately $34,000. Finally, Bare Financial Services Inc raised its position in shares of Duke Energy by 211.1% during the 3rd quarter. Bare Financial Services Inc now owns 280 shares of the utilities provider’s stock valued at $35,000 after buying an additional 190 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DUK has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Duke Energy from $141.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Jefferies Financial Group lifted their price target on shares of Duke Energy from $125.00 to $141.00 and gave the company a “hold” rating in a research report on Tuesday, February 17th. BMO Capital Markets lifted their price target on shares of Duke Energy from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company lifted their price target on shares of Duke Energy from $115.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Finally, Evercore reaffirmed an “in-line” rating and set a $139.00 price target on shares of Duke Energy in a research report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Duke Energy has a consensus rating of “Hold” and a consensus target price of $139.33.

Duke Energy Stock Up 0.1%

Duke Energy stock opened at $131.90 on Monday. Duke Energy Corporation has a fifty-two week low of $111.22 and a fifty-two week high of $134.49. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.33 and a current ratio of 0.55. The firm has a 50 day moving average price of $128.82 and a 200 day moving average price of $123.90. The company has a market capitalization of $102.63 billion, a PE ratio of 20.87 and a beta of 0.46.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, February 9th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.01. The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.57 billion. Duke Energy had a net margin of 15.41% and a return on equity of 9.66%. During the same quarter last year, the firm earned $1.66 EPS. Research analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Louis E. Renjel sold 6,800 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $127.67, for a total value of $868,156.00. Following the completion of the transaction, the chief executive officer owned 22,007 shares in the company, valued at $2,809,633.69. The trade was a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Regis T. Repko sold 962 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $127.86, for a total transaction of $123,001.32. Following the completion of the transaction, the senior vice president owned 3,896 shares of the company’s stock, valued at approximately $498,142.56. This trade represents a 19.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

Duke Energy Company Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.