Sagespring Wealth Partners LLC bought a new stake in Duke Energy Co. (NYSE:DUK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,465 shares of the utilities provider's stock, valued at approximately $2,636,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DUK. Parkworth Wealth Management Inc. acquired a new stake in Duke Energy during the 4th quarter worth $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $30,000. Rakuten Securities Inc. lifted its holdings in shares of Duke Energy by 1,500.0% during the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Duke Energy in the 4th quarter valued at approximately $31,000. Finally, CGC Financial Services LLC increased its stake in Duke Energy by 366.7% during the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after purchasing an additional 242 shares in the last quarter. 65.31% of the stock is owned by institutional investors.
Analyst Ratings Changes
DUK has been the subject of several research analyst reports. BMO Capital Markets reduced their price target on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a report on Thursday. Guggenheim increased their target price on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Barclays boosted their price target on Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Jefferies Financial Group increased their price objective on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, UBS Group upped their price target on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.87.
Get Our Latest Stock Report on DUK
Duke Energy Stock Up 1.7 %
Duke Energy stock opened at $118.81 on Friday. Duke Energy Co. has a fifty-two week low of $92.75 and a fifty-two week high of $125.27. The firm has a market capitalization of $92.32 billion, a PE ratio of 20.81, a P/E/G ratio of 2.79 and a beta of 0.39. The company's 50-day moving average is $116.98 and its 200-day moving average is $113.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44.
Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Sell-side analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current year.
Duke Energy Profile
(
Free Report)
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.
See Also
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