2,442 Shares in Duke Energy Co. (NYSE:DUK) Purchased by Arkos Global Advisors

Arkos Global Advisors purchased a new position in Duke Energy Co. (NYSE:DUK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,442 shares of the utilities provider's stock, valued at approximately $263,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Analysts LLC boosted its position in Duke Energy by 16.9% in the fourth quarter. Capital Analysts LLC now owns 5,683 shares of the utilities provider's stock worth $612,000 after purchasing an additional 821 shares during the last quarter. Hayek Kallen Investment Management grew its position in shares of Duke Energy by 6.2% during the 4th quarter. Hayek Kallen Investment Management now owns 10,346 shares of the utilities provider's stock valued at $1,115,000 after acquiring an additional 601 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Duke Energy by 1.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 21,557 shares of the utilities provider's stock worth $2,323,000 after purchasing an additional 223 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its stake in Duke Energy by 1.2% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 114,184 shares of the utilities provider's stock valued at $12,302,000 after purchasing an additional 1,346 shares during the last quarter. Finally, Hancock Whitney Corp grew its holdings in Duke Energy by 4.8% during the fourth quarter. Hancock Whitney Corp now owns 4,368 shares of the utilities provider's stock valued at $471,000 after purchasing an additional 199 shares during the period. Institutional investors own 65.31% of the company's stock.

Duke Energy Price Performance

Shares of DUK stock traded up $1.02 during trading hours on Tuesday, hitting $121.69. 2,323,590 shares of the company's stock were exchanged, compared to its average volume of 3,390,660. Duke Energy Co. has a 12-month low of $97.49 and a 12-month high of $125.27. The company has a market capitalization of $94.56 billion, a PE ratio of 21.31, a PEG ratio of 2.79 and a beta of 0.39. The business's 50 day simple moving average is $118.54 and its 200-day simple moving average is $114.43. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating 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 research analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

DUK has been the subject of several recent research reports. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group boosted their price objective on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Morgan Stanley raised their target price on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Barclays increased their price target on shares of Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, UBS Group upped their target price on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.